Zürcher Nachrichten - Ghosn aide Kelly faces verdict in Nissan trial

EUR -
AED 3.99352
AFN 76.892849
ALL 100.678478
AMD 421.527042
ANG 1.95871
AOA 948.774824
ARS 1009.08987
AUD 1.660687
AWG 1.957053
AZN 1.852644
BAM 1.95791
BBD 2.194364
BDT 127.69759
BGN 1.959086
BHD 0.409641
BIF 3130.973517
BMD 1.087251
BND 1.460474
BOB 7.510092
BRL 6.149608
BSD 1.086771
BTN 90.988637
BWP 14.725867
BYN 3.55673
BYR 21310.128938
BZD 2.19066
CAD 1.503615
CDF 3114.975873
CHF 0.960766
CLF 0.037328
CLP 1029.997244
CNY 7.883013
CNH 7.896898
COP 4385.08091
CRC 574.619133
CUC 1.087251
CUP 28.812164
CVE 110.376821
CZK 25.378194
DJF 193.52852
DKK 7.473811
DOP 64.329313
DZD 146.060375
EGP 52.475071
ERN 16.308772
ETB 62.830998
FJD 2.456047
FKP 0.837793
GBP 0.844927
GEL 2.939777
GGP 0.837793
GHS 16.844064
GIP 0.837793
GMD 73.661711
GNF 9366.091645
GTQ 8.422533
GYD 227.334946
HKD 8.487901
HNL 26.907992
HRK 7.510679
HTG 143.454567
HUF 391.666079
IDR 17726.71116
ILS 3.978069
IMP 0.837793
INR 91.051495
IQD 1423.773353
IRR 45778.723799
ISK 150.106358
JEP 0.837793
JMD 169.993162
JOD 0.77054
JPY 167.159521
KES 141.277875
KGS 91.373271
KHR 4457.803131
KMF 493.856845
KPW 978.526709
KRW 1505.702369
KWD 0.332536
KYD 0.905701
KZT 514.828916
LAK 24104.637033
LBP 97325.250091
LKR 329.313911
LRD 212.358809
LSL 19.840425
LTL 3.210371
LVL 0.657668
LYD 5.251658
MAD 10.704534
MDL 19.291318
MGA 4946.329502
MKD 61.688169
MMK 3531.350384
MNT 3751.01797
MOP 8.738957
MRU 43.048383
MUR 50.905526
MVR 16.689721
MWK 1884.530517
MXN 20.069797
MYR 5.063878
MZN 69.47536
NAD 19.840425
NGN 1735.25373
NIO 40.003102
NOK 11.940125
NPR 145.581859
NZD 1.846555
OMR 0.418421
PAB 1.086771
PEN 4.085001
PGK 4.263594
PHP 63.60534
PKR 302.482515
PLN 4.280174
PYG 8229.867402
QAR 3.964116
RON 4.978746
RSD 117.195274
RUB 93.474127
RWF 1429.039742
SAR 4.078958
SBD 9.215485
SCR 14.802649
SDG 637.129734
SEK 11.757868
SGD 1.459748
SHP 0.837793
SLE 24.840764
SLL 22799.123819
SOS 621.069181
SRD 31.531421
STD 22503.91041
SVC 9.509509
SYP 2731.752354
SZL 19.837374
THB 39.036295
TJS 11.520331
TMT 3.859743
TND 3.371616
TOP 2.593208
TRY 35.816895
TTD 7.377152
TWD 35.676024
TZS 2934.361675
UAH 44.619376
UGX 4053.367365
USD 1.087251
UYU 43.754327
UZS 13731.17375
VEF 3938625.59155
VES 39.750856
VND 27523.771126
VUV 129.080711
WST 3.048227
XAF 656.664534
XAG 0.038931
XAU 0.000455
XCD 2.938352
XDR 0.819683
XOF 656.664534
XPF 119.331742
YER 272.193802
ZAR 19.867459
ZMK 9786.571889
ZMW 28.392592
ZWL 350.094532
  • RBGPF

    58.8600

    58.86

    +100%

  • SCS

    0.2000

    14.03

    +1.43%

  • BCC

    5.7500

    141.04

    +4.08%

  • NGG

    0.9700

    63.62

    +1.52%

  • RELX

    0.5400

    46.54

    +1.16%

  • CMSC

    0.1050

    24.19

    +0.43%

  • RIO

    0.7300

    65.06

    +1.12%

  • JRI

    -0.1300

    12.41

    -1.05%

  • RYCEF

    0.1100

    5.68

    +1.94%

  • CMSD

    0.1550

    24.405

    +0.64%

  • GSK

    0.7900

    39.86

    +1.98%

  • VOD

    0.2000

    9.47

    +2.11%

  • BTI

    0.4300

    35.16

    +1.22%

  • BCE

    0.1900

    33.36

    +0.57%

  • BP

    0.0700

    35.25

    +0.2%

  • AZN

    -0.3900

    78.13

    -0.5%

Ghosn aide Kelly faces verdict in Nissan trial
Ghosn aide Kelly faces verdict in Nissan trial

Ghosn aide Kelly faces verdict in Nissan trial

Former Nissan chief Carlos Ghosn remains at large in Lebanon, but on Thursday, his aide Greg Kelly will learn his fate in a Tokyo courtroom after a nearly 18-month trial.

Text size:

Kelly, an American citizen who was detained alongside Ghosn in November 2018, is accused of attempting to concealplanned payments to the former Nissan boss in a scheme to under-report his compensation. Prosecutors are seeking a two-year jail sentence.

The soft-spoken 65-year-old has always denied the claims, and the outcome of the trial is being closely watched in Japan and abroad, with the US ambassador to Tokyo saying the case was a top priority.

Ghosn escaped Japan hidden in an audio-equipment box in December 2019, saying he feared he could not receive a fair trial in Tokyo. He ended up in Lebanon, which does not have an extradition treaty with Japan.

Nissan opted to plead guilty, leaving Kelly as the only person still fighting charges in Japan, in a saga that shocked the international business community and sent ripples through the auto industry.

The allegations against Kelly centre around claims he helped Ghosn between 2010 and 2018 avoid disclosure of 9.1 billion yen ($79 million) that Nissan planned to pay after his retirement.

Kelly has denied any wrongdoing, saying that there were merely exploratory discussions about a "legal way" to keep Ghosn in the fold after his retirement and prevent him from joining a competitor.

Some have viewed Kelly as little more than a scapegoat in a case that centred around Ghosn.

"Kelly was arrested with the expectation that he could be 'turned' to testify against Ghosn," said Stephen Givens, a business lawyer in Tokyo who has followed the case.

"When Ghosn escaped to Beirut, the prosecutors were left with a weak, free-standing case against Kelly," he told AFP.

Kelly's lawyers argue there was never any agreement on how much Ghosn might receive and why, which meant there was no requirement to disclose anything to Japanese authorities.

Nissan disagrees, and pleaded guilty in a separate case, with prosecutors seeking a symbolic fine of 200 million yen ($1.7 million).

- 'Not the central character' -

Kelly plans to appeal any guilty verdict, even if the sentence is suspended, his lawyer Yoichi Kitamura told AFP in September.

Japanese prosecutors have a close to 99 percent conviction rate in cases that go to trial, but how things will pan out for Kelly is "very difficult" to predict, said Keisuke Matsuoka, a law professor at Senshu University in Tokyo.

"This is the first case of its kind" in Japan, he told AFP.

"It touches on the significance that we attach to the disclosure of compensation and examines the question of possible malice related to this," he added.

Givens argues that a not guilty verdict would be "humiliating" for prosecutors and Nissan and "undermine the legitimacy of the original case against Ghosn."

For his part, Ghosn, who faced several additional financial misconduct charges, has insisted he and Kelly are innocent and that Japanese prosecutors worked to help Nissan push him out in a "palace coup."

"If he's guilty, many Japanese should also be in prison," he said from Beirut during an online press conference in December.

Kelly has been unable to leave Japan since his detention in 2018 and has been joined in Tokyo by his wife, who had to enrol in Japanese lessons to secure a visa to stay in the country.

There has been other fallout from the case, with two Americans who helped Ghosn flee the country extradited from the US to Japan and sentenced last year to between 20 months and two years in prison.

Matsuoka said the "amount of money involved, the duration, and the positions of those individuals involved," could all be used to point to deliberate deception.

But, he added, "Mr Kelly is not the central character."

"It is difficult to imagine he will receive a harsh sentence."

O.Hofer--NZN