Greg Kelly, former aide to Nissan’s Ghosn, goes on trial
The lengthy saga of ex-Nissan chief Carlos Ghosn takes a new turn next week when the auto titan-turned-fugitive's former assistant Greg Kelly goes on trial in Tokyo.
Ghosn's arrest in the Japanese capital in November 2018 on allegations of financial misconduct made headlines worldwide and kicked off an astonishing fall from grace for the businessman, once hailed as a corporate savior for rescuing Nissan from the brink of bankruptcy.
The US lawyer appears in court from Tuesday facing a single charge: of conspiring to under-report tens of millions of dollars in pay that Ghosn was allegedly promised after his retirement.
Kelly, who will turn 64 on the day the trial opens, denies any wrongdoing. He faces up to 10 years in jail if convicted.
The trial, expected to last around 10 months, centers around one question, fraught with complex technicalities: Did Kelly and Nissan between 2010 and 2018 illegally conceal payments of around 9.2 billion yen ($87 million) promised to Ghosn on retirement?
Nissan, which will be on trial alongside Kelly, says yes, and plans to plead guilty, multiple sources told AFP. But Kelly has insisted on his innocence since day one.
"I didn't do anything wrong," he told AFP in an interview in early September.
"Carlos Ghosn never got paid anything and he wasn't promised anything," he insisted.
Nissan and Japanese prosecutors disagree, arguing they have evidence that these future payments were pledged to Ghosn, and therefore should have been disclosed in the firm's financial filings as required by Japanese law.
Prosecutors have amassed a vast amount of documents, only a small portion of which the defense have been given so far, according to Kelly's lawyers.
Despite that, his team decided to move to trial, arguing they had "no choice," since Kelly could not leave the country.
Ghosn's arrest in the Japanese capital in November 2018 on allegations of financial misconduct made headlines worldwide and kicked off an astonishing fall from grace for the businessman, once hailed as a corporate savior for rescuing Nissan from the brink of bankruptcy.
Troubled automobile giant Nissan Motor independent outside directors (from left) Keiko Ihara, Yasushi Kimura, Masakazu Toyoda and Motoo Nagai hold a press conference after they received an internal investigation report into misconduct by former chairman Carlos Ghosn and his aide Greg Kelly by the company's audit committee at the Nissan headquarters in Yokohama, suburban Tokyo on Monday, September 9, 2019. Photo: VCG
But Kelly was also detained that day, having been effectively lured back to Japan from the US on the premise of an urgent meeting. And with Ghosn in Lebanon as an international fugitive after he made an audacious escape while out on bail in Tokyo in 2019, Kelly is now the only person expected to face trial any time soon in connection with the case.The US lawyer appears in court from Tuesday facing a single charge: of conspiring to under-report tens of millions of dollars in pay that Ghosn was allegedly promised after his retirement.
Kelly, who will turn 64 on the day the trial opens, denies any wrongdoing. He faces up to 10 years in jail if convicted.
The trial, expected to last around 10 months, centers around one question, fraught with complex technicalities: Did Kelly and Nissan between 2010 and 2018 illegally conceal payments of around 9.2 billion yen ($87 million) promised to Ghosn on retirement?
Nissan, which will be on trial alongside Kelly, says yes, and plans to plead guilty, multiple sources told AFP. But Kelly has insisted on his innocence since day one.
"I didn't do anything wrong," he told AFP in an interview in early September.
"Carlos Ghosn never got paid anything and he wasn't promised anything," he insisted.
Nissan and Japanese prosecutors disagree, arguing they have evidence that these future payments were pledged to Ghosn, and therefore should have been disclosed in the firm's financial filings as required by Japanese law.
Prosecutors have amassed a vast amount of documents, only a small portion of which the defense have been given so far, according to Kelly's lawyers.
Despite that, his team decided to move to trial, arguing they had "no choice," since Kelly could not leave the country.
