The result of Mitsubishi’s internal investigation regarding Carlos Ghosn’s alleged misconduct is in, and it doesn’t look good.
Mitsubishi Motors Corporation (MMC) investigators found that the former chairman of the board “improperly received” payments amounting to approximately ¥1 billion (P500 million) from April 2018 to November 2018.
“The investigation revealed that Mr. Ghosn improperly received a payment as allegedly ‘Managing Director’s remuneration etc.’ from Nissan Mitsubishi B. V. (
“This payment was hidden from MMC, and MMC recognized this fact for the first time through the disclosure of information by Nissan after Mr. Ghosn was arrested in November 2018.”
The mishandled sum is about half of the Netherlands deal’s ¥2.095-billion service fee. This payment was based on an employment agreement between Ghosn and
The statement says the company will investigate the matter
“MMC has taken the fact that this kind of incident occurred within a related company of MMC seriously and will try to strengthen the internal controls of MMC, including those of its subsidiaries and related companies.”