Perhaps no one could have imagined that the case of Carlos Gion, the former CEO of Nissan Motor Co., had fled Tokyo without a deal, and that Greg Kelly, another Nissan executive, would face trial, perhaps up to 10 years in prison. More unexpectedly, Nissan has also been indicted and will stand trial with Kelly.
Recently, according tomedia reports, Tokyo prosecutors said that Kelly and Gwan violated the law, suspected of being involved in the 2011-2018 underreporting of Gion’s salary of about 9 billion yen, in violation of Japan’s corporate finance laws, the court will be tried on September 15 local time.
Kelly is understood to have been arrested after Gwan fled Japan and is currently on bail. The day of the trial was also his 64th birthday. If convicted, Kelly faces up to 10 years in prison.
In response to the allegations, Gwan and Kelly’s lawyers argued that the purchase of property was on the company’s internal agenda and was motivated by work needs and did not rise to the level of corporate legal action.
It is worth mentioning that Japanese prosecutors also revealed that Nissan will also be tried as one of the defendants with Kelly. But Nissan has pleaded guilty and been fined 2.4 billion yen (about 150 million yuan).
Hiroshi Yamamoto, Tokyo’s deputy chief prosecutor, who heard the case, said prosecutors had gathered a large amount of evidence and had begun long preparations, which we believed were sufficient to charge Mr. Kelly.