Japanese carmaker Nissan wants to keep former Chairman Carlos Ghosn and his family from going back to their apartment in Copacabana for fear they would destroy evidence against the executive, The Financial Times reports.<\/b>
\nJapanese carmaker Nissan wants to keep former Chairman Carlos Ghosn and his family from going back to their apartment in Copacabana for fear they would destroy evidence against the executive, The Financial Times reported.
The Times said, citing a person with knowledge of the dispute, that Nissan thinks a safe in the apartment contains evidence that Ghosn used funds from a Nissan subsidiary called Zi-A Capital to buy the residence.
Nissan told the FT it feared that granting the Ghosn family access to the property could lead to the destruction of evidence. The statement came after a court in Brazil granted the Ghosn’s access to the apartment. Nissan said it would appeal that ruling to a higher court.
Ghosn was indicted in Tokyo earlier Monday for allegedly underreporting his compensation from Nissan in the company’s financial statements over five years. Nissan was also indicted by Japanese prosecutors.
In a statement overnight, Nissan said: „Making false disclosures in annual securities reports greatly harms the integrity of Nissan’s public disclosures in the securities markets, and the company expresses its deepest regret.“
Click here to read the full FT report .
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