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Nissan's Ghosn crisis

Ghosn denies underreporting income at Nissan

Ousted chairman failed to report $70m in deferred pay, sources allege

Former Nissan chairman Carlos Ghosn denies allegations that he underreported his compensation, sources say.   © Reuters

TOKYO -- Former Nissan Motor Chairman Carlos Ghosn has denied allegations that he underreported his compensation, sources say, while a new development has emerged in the scandal that led to his ouster.   

Ghosn did not report roughly 8 billion yen ($70.8 million) in deferred compensation over eight years, sources say. He is believed to have arranged for about 1 billion yen a year to be paid to him later on, such as after he retired from the company, from fiscal 2010 to fiscal 2017.

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