4 ms·

Something smells very fishy on this. I bet all the information on this news so far comes from the intentional leak from police and Nissan. It's rather odd to b

by ezoe 8y ago

Something smells very fishy on this. I bet all the information on this news so far comes from the intentional leak from police and Nissan. It's rather odd to be arrested for a tax evasion alone. If it's just a tax evasion, you got a letter from tax office and pay tax and fine. So I think it's 別件逮捕, as usual. I think there was internal political coup in Nissan.

forapurpose 8y ago
> It's rather odd to be arrested for a tax evasion alone. If it's just a tax evasion, you got a letter from tax office and pay tax and fine. Are you talking about what happens in Japan, or what happens where you live (if that's not Japan)? > tax evasion Per the article, the charge was under-reporting his compensation; taxes aren't mentioned in the article. The reporting could be a corporate requirement independent of taxes, as one alternative example. Was he arrested for failing fiduciary duties as a corporate officer? Lying on a corporate report? Corporate tax evasion? Personal tax evasion? The article doesn't seem to say. EDIT: I was reading the NY Times article. The article linked above also doesn't mention taxes, and says it's a violation of what seem to be corporate reporting laws: [Ghosn] had for many years understated his income in reports submitted to the Tokyo Stock Exchange and had conducted other "significant acts of misconduct" including misusing company funds for personal purposes. Tokyo prosecutors believe Ghosn's underreporting of his remuneration constitutes a violation of the Financial Instruments and Exchange Act.
- ezoe 8y ago
  All the Japanese news sources I could get yesterday only mentioned the arrest for the tax evasion.
Phlarp 8y ago
Google translate says "別件逮捕" is "another arrest" but I suspect something is being lost in the translation. Could you explain this term a little more for anyone else not familiar with it?
- shadofx 8y ago
  It means arresting a suspect on a minor misdemeanor which satisfies warrant requirements to make the suspect available for interrogation for "another", bigger crime.
mywittyname 8y ago
It makes me wonder if Ghosn was preparing some sort takeover similar to what Porsche did to VW in the 2000s, and the Japanese government isn't interested in having one of their largest auto makers owned by a European company.
- WorldMaker 8y ago
  The Renault-Nissan-Mitsubishi Alliance has existed in one form or another since 1999, so it would be weird for the Japanese government to worry about it now. Though Ghosn has served as the Alliance Chairman and CEO, so I suppose it is possible for a Ghosn shakedown to be an attempt to shakedown the Alliance. Seems an odd way to go about it though.
- Kankuro 8y ago
  Things I did not know, from France Info radio: - before the alliance, Renault and Nissan had about the same size. Now Nissan is twice as big in number of cars. - Nissan maybe in position to merge with/control Renault (and French government is not really pleased)
h1d 8y ago
Hiding $50m over the years isn't worth arresting? Boards werent aware.

by ezoe 8y ago

forapurpose 8y ago

> It's rather odd to be arrested for a tax evasion alone. If it's just a tax evasion, you got a letter from tax office and pay tax and fine. Are you talking about what happens in Japan, or what happens where you live (if that's not Japan)? > tax evasion Per the article, the charge was under-reporting his compensation; taxes aren't mentioned in the article. The reporting could be a corporate requirement independent of taxes, as one alternative example. Was he arrested for failing fiduciary duties as a corporate officer? Lying on a corporate report? Corporate tax evasion? Personal tax evasion? The article doesn't seem to say. EDIT: I was reading the NY Times article. The article linked above also doesn't mention taxes, and says it's a violation of what seem to be corporate reporting laws: [Ghosn] had for many years understated his income in reports submitted to the Tokyo Stock Exchange and had conducted other "significant acts of misconduct" including misusing company funds for personal purposes. Tokyo prosecutors believe Ghosn's underreporting of his remuneration constitutes a violation of the Financial Instruments and Exchange Act.

ezoe 8y ago
All the Japanese news sources I could get yesterday only mentioned the arrest for the tax evasion.

Phlarp 8y ago

Google translate says "別件逮捕" is "another arrest" but I suspect something is being lost in the translation. Could you explain this term a little more for anyone else not familiar with it?

shadofx 8y ago
It means arresting a suspect on a minor misdemeanor which satisfies warrant requirements to make the suspect available for interrogation for "another", bigger crime.

mywittyname 8y ago

It makes me wonder if Ghosn was preparing some sort takeover similar to what Porsche did to VW in the 2000s, and the Japanese government isn't interested in having one of their largest auto makers owned by a European company.

WorldMaker 8y ago
The Renault-Nissan-Mitsubishi Alliance has existed in one form or another since 1999, so it would be weird for the Japanese government to worry about it now. Though Ghosn has served as the Alliance Chairman and CEO, so I suppose it is possible for a Ghosn shakedown to be an attempt to shakedown the Alliance. Seems an odd way to go about it though.
Kankuro 8y ago
Things I did not know, from France Info radio: - before the alliance, Renault and Nissan had about the same size. Now Nissan is twice as big in number of cars. - Nissan maybe in position to merge with/control Renault (and French government is not really pleased)

h1d 8y ago

Hiding $50m over the years isn't worth arresting? Boards werent aware.