Nissan Motor Co., its ousted chairman Carlos Ghosn and former director and in-house lawyer Greg Kelly have agreed to pay a combined $16.1 million to the U.S. Securities and Exchange Commission to settle fraud allegations.
Ghosn and Kelly allegedly schemed to hide more than $140 million in compensation and retirement benefits that Ghosn stood to collect, according to the SEC. Kelly, who has been described as Ghosn’s right-hand man, joined Nissan in 1988 as the senior legal manager and deputy lawyer of the Japanese carmaker’s North American division.
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