The Plot THICKENS As More DETAILS Emerge Regarding Ex-Nissan Chairman's Alleged Fraud Tied To Saudi Businessman

Fresh misconduct allegations brought by Tokyo prosecutors against ousted Nissan Chairman Carlos Ghosn center on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, two company sources with knowledge of the matter said...

...The prosecutors’ statement said they believe that around October 2008, Ghosn was trying to deal with losses on paper of 1.85 billion yen ($16.6 million) incurred on a swap contract he had with a bank which it did not name.

A person helped arrange a letter of credit for Ghosn and a company run by the person later received $14.7 million in Nissan funds in four installments between 2009 and 2012, the statement said, adding that the payments were made in Ghosn’s and the person’s interests...

...According to the Nissan sources who have knowledge of the company’s probe into its former chief, the person who helped Ghosn is Khaled Al-Juffali, vice chairman of one of Saudi Arabia’s largest conglomerates, E. A. Juffali and Brothers, and a member of the board at the Saudi Arabian Monetary Authority...

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MDarringer - 12/26/2018 8:24:26 PM

0 Boost

Yummy. It just gets more and more seedy. Nissan needs to use this to get rid of Renault once and for all. Japan needs to make this a matter of national security in some way.

mre30 - 12/26/2018 8:53:47 PM

+4 Boost

Looks like Carlos Ghosn is the Paul Manafort/Michael Cohen of Nissan/Renault.

The bad news just keeps coming!

MDarringer - 12/26/2018 10:47:25 PM

-2 Boost

Nah it's worse. He's the Bill and Hillary Clinton of Renault-Nissan. Just watch. People around him will start committing suicide by being sprayed down in bullets.

MDarringer - 12/26/2018 11:02:37 PM

-2 Boost

OMG
S + AUDI = SAUDI OMG!!!!
OMG

PUGPROUD - 12/27/2018 8:34:12 AM

0 Boost

Like turning over a rock and finding all the creepy crawlers living there.