Japan watchdog to recommend $24 million fine for Nissan over Ghosn pay
TOKYO (Reuters) - Japan’s markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting of former Chairman Carlos Ghosn’s compensation, a source said.
The Securities and Exchange Surveillance Commission (SESC) will likely recommend the fine on the basis that Ghosn’s alleged underreported salary had a “significant” impact on investor decisions regarding the company, the source said, declining to be identified.
A spokesman for the SESC declined to comment on specific cases, while Nissan was not immediately available for comment.
The SESC is expected to formally start its investigation before the end of the month, when it examines Nissan’s latest annual filings, the source said.
If Nissan files documentation to the SESC before the formal investigation begins and recognizes that previous reporting was incorrect, it may receive a reduced fine of around 2.4 billion yen, the source said.
Ghosn was arrested in Tokyo in November over allegations of financial misconduct, including understating his salary by around 9.1 billion yen ($84.71 million) over a period of nearly a decade and temporarily transferring personal financial losses to the books of Nissan, Japan’s No. 2 automaker.
Since then, he has also been accused of enriching himself by around $5 million at Nissan’s expense.
Ghosn, who has been released from detention pending his trail, denies all of the charges.
The fine, which was earlier reported by domestic media, would cover a four-year period through March 2018, the source said. Due to the statute of limitations, Nissan is not liable for any under-reporting before that period.
https://www.reuters.com/article/us-nissan-ghosn-fine/japan-watchdog-to-recommend-24-million-fine-for-nissan-over-ghosn-pay-source-idUSKCN1TR0TH
Abe, Xi likely to agree to take bilateral ties to 'new dimension'
OSAKA (Kyodo) – Japanese Prime Minister Shinzo Abe is likely to agree with Chinese President Xi Jinping that the two Asian powers will work together to elevate oft-strained bilateral relations to a "new dimension" during planned talks in Osaka on Thursday.
While seeking to improve ties, which have deteriorated in recent years over territorial and historical issues, Japan and China also hope to organize a visit by Xi to Tokyo as a state guest next spring.
Abe and Xi are also expected to exchange views on North Korea's denuclearization alongside other issues concerning their two nations at the meeting and dinner, scheduled for the sidelines of the two-day Group of 20 summit, which starts Friday.
Making his first trip to Japan since coming to power in 2013, Xi visited Pyongyang last week for talks with leader Kim Jong Un, the first Chinese head of state to travel to North Korea in 14 years.
Japan and China, meanwhile, plan to cooperate on breeding research into giant pandas and will sign a memorandum on the occasion of their leaders' meeting in a bid to showcase the thaw in bilateral relations, diplomatic sources said.
The last visit to Japan by a Chinese head of state was made by Hu Jintao in November 2010. He attended a Yokohama meeting of leaders of the Asia-Pacific Economic Cooperation forum.
Sino-Japanese tension intensified after the government of Prime Minister Yoshihiko Noda, Abe's predecessor, decided in September 2012 to bring the uninhabited Senkaku Islands in the East China Sea under state control.
The Senkakus, called Diaoyu in China, are controlled by Japan but claimed by Beijing.
The relationship between the two nations appears to have changed recently, with last year's 40th anniversary of the bilateral Treaty of Peace and Friendship serving as an incentive to forge better ties.
Xi is scheduled to stay in Osaka for three days through Saturday. He last visited Japan in 2009, when he was a vice president of China.
https://mainichi.jp/english/articles/20190627/p2g/00m/0na/055000c
looks…how they carry themselves says moar then any one word can say. Spouse and I play the "bitch at 2 o'clock position" all the time
not always right but moar often than not.
we are certainly not perfect so not sayin' that.
Sure I'm a total asshole to the majority of people in my 'golden' state
just shut up faggot 19 posts of shite
mebby crossing over the chiasso border crossing with some bonds…
it wasn't the entire box, just a few contents