Nissan ordered to pay 2.4 bil. yen fine over Ghosn pay scandal

Japan's financial regulators said Friday they ordered Nissan Motor Co. to pay 2.42 billion yen ($22 million) in fines for underreporting remuneration of former Chairman Carlos Ghosn and other executives for years.The fine is the second highest imposed by the Financial Services Agency, only behind that of 7.37 billion yen in 2015 on Toshiba Corp. for falsifying financial reports.The Securities and Exchange Surveillance Commission recommended in December that the FSA fine Nissan the amount after filing a criminal complaint against the automaker and Ghosn in 2018.The securities watchdog allege…READ FULL ARTICLE