Prosecutors confirm Ghosn held over alleged under-reporting of income

Written by Edrian Acla on

More in Asia:

FILE: Nissan Chairman Carlos Ghosn has been arrested in Japan following a months long investigation into his financial misconduct. LAS VEGAS, NV – JANUARY 05: Nissan Chairman and CEO Carlos Ghosn delivers a keynote address at CES 2017 at the Westgate Las Vegas Resort & Casino on January 5, 2017 in Las Vegas, Nevada. CES, the world’s largest annual consumer technology trade show, runs through January 8 and is expected to feature 3,800 exhibitors showing off their latest products and services to more than 165,000 attendees. David Becker/Getty Images/AFP

TOKYO, Japan (AFP) — Tokyo prosecutors confirmed Tuesday that they had arrested auto industry titan Carlos Ghosn a day earlier on allegations he under-reported his income over the course of several years.

In a statement, prosecutors said Ghosn had reported income of 4.9 billion yen ($51.5 million) over five years when his actual income for that period had been nearly 10 billion yen.

© Agence France-Presse