Nissan faces more tax penalties in Ghosn-related investigation


Japan is still fighting for the extradition of two Americans, Michael Taylor and his son Peter, accused of aiding Ghosn’s escape to Lebanon.

The Taylors were arrested in May, and are being held in Massachusetts without bail. They face an extradition hearing on Aug. 28.  

Former Nissan executive, Greg Kelly, who was arrested with Ghosn, is scheduled for trial next month. Kelly, an American currently out on bail in Japan, continues to insist on his innocence.

The SEC settlement

In September 2019, former CEO Carlos Ghosn, former director Greg Kelly, and Nissan settled U.S. charges by the SEC of fraudulent financial disclosures. 

It was alleged that Nissan failed to disclose over $140 million of compensation to Ghosn. It was also alleged that Ghosn and Kelly were doctoring records to increase Ghosn’s compensation.

Nissan agreed to pay $15 million in civil penalties. Ghosn paid $1 million and Kelly paid $100,000. 

Nissan, Ghosn, and Kelly all settled in the U.S., without admitting or denying the allegations against them.