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Hiroto Nishikawa appeared in court to testify, revealing Ghosn's concealment of salary details

by:Yisheng      2021-06-06

Hiroto Nishikawa stated in a Tokyo court that in order to prevent Ghosn from hopping to a competitor’s company, he reached an agreement with former Nissan executive Kelly in 2011 and agreed to pay Ghosn more; I didn't read the (document) seriously at that time, thinking it was still in the drafting stage, and I signed it just to show support for this initiative.


In addition to explaining his role in the accusation and arrest of Ghosn, Nissan Hiroto appeared in court this time. He may also disclose how Nissan’s chairman used procedures and checks and balances to cover up Details of other facts. According to reports, people from Nishikawa may lie about their income for nearly a decade. 


Economic Daily-China Economic Net Comprehensive Foreign News reported on Wednesday that Nissan Motor’s former CEO Hiroto Saikawa said in a Tokyo court that to prevent former chairman Carlos Ghosn from quitting Going to a rival company, he reached an agreement with former Nissan executive Greg Kelly in 2011, agreeing to pay more to Ghosn.



Hiroto Nissan, former CEO of Nissan Motor (profile picture)


The 67-year-old Hiroshi Nishikawa was once the highest-level leader of Nissan Motor Company. After Nissan’s former CEO Carlos Ghosn was arrested, Nishikawa was the first to 'jump out' to denounce Ghosn. Not only did he 'spit out' his three major 'crimesChairman and representative director of the company.'


At the end of 2019, Ghosn fled to Lebanon and denied all allegations. Japan has repeatedly made requests for the extradition of Ghosn, but they have failed. In addition to explaining his role in the accusation and arrest of Ghosn, Hiroto Nissan appeared in court this time. He may also disclose details of how Nissan’s chairman used procedures and checks and balances to cover up other facts. According to reports, people from Nishikawa may lie about their income for nearly a decade.


Hiroto Nishikawa told the prosecutor that according to the agreement, Ghosn will also receive compensation from Nissan by providing consulting services after retirement, but Ghosn himself does not want to disclose the details of his personal remuneration. Hiroto Nishikawa said bluntly, 'In view of the global auto companies' battle for human resources, Ghosn's salary is too low. This is a huge threat to Nissan, so I supported Kelly to do so at the time.'


When asked by the prosecutor why he had to sign a document outlining compensation, Hiroto Nishikawa said that Kelly asked him to do so, and “I didn’t read it carefully at the time. I thought it was still in the drafting stage. I just want to show support for this initiative.'


However, Kelly said in an interview with a Japanese magazine in June 2019 that Nishikawa Hiroshi fully understands Ghosn’s salary; he also revealed that “Nishikawa Hiroshi once received additional gains through a stock appreciation right plan. Tens of millions of yen in income.'


Afterwards, Nishikawa Hiroto confessed his behavior, but pushed it to his secretary in disguise. Hiroto Nishikawa said: “I thought that the operation at that time was in compliance with the company's procedures, and mistakenly believed that the secretariat had properly handled the issue.” Due to a salary scandal, Hiroto Nishikawa resigned as CEO at the end of 2019.


Although Xichuan Guangren left Nissan, they could not dispel the doubts of the outside world: did they participate in Ghosn's salary decision, and to what extent? As Ghosn's proud beloved general, Nishikawa Hiro people are very appreciated by Ghosn. However, when planning the merger between Renault and Nissan, the two sides had differences of opinion. Nishikawa people opposed Ghosn's push for Nissan to establish a closer relationship with the smaller and less profitable Renault. In an interview, he bluntly stated that the cooperation between the two is 'useless.' Therefore, a 'conspiracy and betrayal' was taken to disrupt this plan, which is also the reason behind the allegations of financial misconduct against him.

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