• Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer
Tuesday, February 7, 2023
Bell County News Online
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
    • Crytpocurrency
    • Gaming
    • Gadgets
  • Sports
  • Health
  • General
    • Business Services
  • Travel
  • Press Releases
  • Popular
No Result
View All Result
No Result
View All Result
Home News

Former Ghosn Deputy Set For U.S. Return After Suspended Sentence – Reuters

by NewsReporter
March 3, 2022
in News
former-ghosn-deputy-set-for-us.-return-after-suspended-sentence-–-reuters
Share on FacebookShare on Twitter

Greg Kelly, former executive of Nissan Motor Co., walks in to the Tokyo District Court, in Tokyo, Japan, March 3, 2022. Zhang Xiaoyu/Pool via REUTERS

Register now for FREE unlimited access to Reuters.com

TOKYO, March 3 (Reuters) – A Tokyo court on Thursday handed former Nissan Motor executive Greg Kelly a six-month suspended sentence for helping Carlos Ghosn hide pay from regulators, paving the way for the American lawyer to return home after more than three years in Japan.

“The court finds the existence of unpaid remuneration” and the failure to disclose amounted to “false” reporting, the chief judge Kenji Shimotsu said, telling Kelly he was responsible for one of the eight years included in the charges.

“I was shocked by the judgment,” Kelly said in a statement after the ruling. “The court found me mostly innocent, but I do not understand why it said I was guilty for one of the years,” he added.

Register now for FREE unlimited access to Reuters.com

His lawyers said they will appeal the conviction, which Kelly should be able to do from the United States.

In a pointed criticism of the prosecutors, the ruling also pinned blame for Ghosn’s alleged failure to disclose $80 million of income over eight years on Toshiaki Ohnuma, a Nissan official overseeing compensation, who was given legal immunity in return for testimony implicating Kelly.

“Ohnuma’s statement is fraught with danger that he was making statements that conformed to the prosecutors’ wishes,” Shimotsu said. “There was a danger as an accomplice that he would seek to shift responsibility to Ghosn,” he added.

The court also fined Nissan , which pleaded guilty at the start of the trial 18 months ago, 200 million yen ($1.73 million) for its part in the financial wrongdoing and took aim at corporate governance failings.

“The dysfunctional governance of the company allowed Ghosn to act in his own self interest. The severe damage to the company’s social reputation can only be described as it suffering the consequences,” Shimotsu said, describing Ghosn’s tenure there as a “dictatorship”.

DRAWS A LINE

The verdict more than three years after Kelly’s arrest alongside Ghosn draws a line under a case that threatened to strain relations between Japan and the United States, its closet ally. Some Western observers criticised the Japanese justice system for its treatment of Kelly.

Suspects in Japan are not allowed to have a lawyer present during interrogations and can be detained for up to three weeks without charge and often in solitary confinement. And 99% of cases that go to trial end with a conviction.

“While this has been a long three years for the Kelly family, this chapter has come to an end. He and Dee (his wife) can begin their next chapter in Tennessee,” U.S. ambassador in Japan Rahm Emanuel said in a statement.

Kelly testified that his only intent was to give Ghosn, who was also the chief executive at Renault, a compensation package that would dissuade him from defecting to a rival automaker.

Bill Hagerty, a U.S. Senator from Kelly’s home state Tennessee, said he planned to welcome his constituent at the airport.

“Greg has been subjected to circumstances corporate America could never contemplate,” Hagerty said. “Greg is innocent of the charges levied against him,” he added.

The court ruling, however, does not mean an end to legal troubles faced by the former head of Nissan and alliance partner Renault SA (RENA.PA), but it may be the closest the Tokyo court gets to ruling on Ghosn’s culpability.

Ghosn is beyond the reach of Japanese prosecutors after fleeing to Lebanon in 2019 hidden in a box on a private jet. He is unable to leave without risking arrest.

In addition to the charge of hiding his earnings, Ghosn is also accused of enriching himself at his employer’s expense through $5 million of payments to a Middle East car dealership, and for temporarily transferring personal investment losses to his former employer’s books.

Ghosn has denied all the accusations against him.

($1 = 115.5900 yen)

Register now for FREE unlimited access to Reuters.com

Reporting by Tim Kelly and Satoshi Sugiyama; Editing by Grant McCool, Michael Perry and Emelia Sithole-Matarise

Our Standards: The Thomson Reuters Trust Principles.

Related Posts

temple-city-hall-evacuated-due-to-reported-bomb-threat-–-25-news-kxxv-and-krhd

Temple City Hall Evacuated Due To Reported Bomb Threat – 25 News KXXV And KRHD

by NewsReporter
April 15, 2022
0

Police evacuated the Temple City Hall Municipal Building due to a reported bomb threat on Wednesday. Temple police said around 1:50 p.m. officers responded to the city hall, located at 2 N Main Street, to safely evacuate all city employees and guests. Temple police said a perimeter was set up...

us,-uk.-investigating-unusual-cases-of-hepatitis-in-young-children-–-stat

U.S., U.K. Investigating Unusual Cases Of Hepatitis In Young Children – STAT

by NewsReporter
April 15, 2022
0

Public health officials in the United States and the United Kingdom are investigating a number of unusual cases of serious hepatitis in young children, the cause or causes of which are currently unknown. Evidence from the U.K. and from Alabama — where nine cases have been recorded since last fall...

Severe Storms Sweep The South, Killing At Least 1 – The New York Times

by NewsReporter
April 14, 2022
0

Please enable JS and disable any ad blocker

perspective-|-here’s-how-the-us.-should-respond-to-any-russian-cyberattacks-–-the-washington-post

Perspective | Here’s How The U.S. Should Respond To Any Russian Cyberattacks – The Washington Post

by NewsReporter
April 14, 2022
0

Placeholder while article actions loadRussian cyberattacks may be coming. Last month, the White House issued its starkest warning yet that “evolving” intelligence indicates Moscow is planning major cyber operations against the United States in retaliation for the economic penalties that the country has imposed on Russia for its invasion of...

Bell County News Online

© 2021 Bell County News Online

Navigate Site

  • Disclosure
  • Privacy Policy
  • DMCA Policy
  • CCPA
  • Medical Disclaimer

Follow Us

No Result
View All Result
  • Home
  • DMCA Policy
  • Medical Disclaimer
  • Privacy Policy
  • Disclosure
  • CCPA
  • Terms of Use

© 2021 Bell County News Online

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT