A Japanese appeals court has upheld the conviction of Greg Kelly, a former executive vice president at Nissan, for assisting ex-Chairman Carlos Ghosn in under-reporting his income. This decision maintains the outcome of Kelly's 2022 conviction, related to under-reporting for just one of the eight years prosecutors had alleged. Kelly, who received a suspended six-month sentence, plans to appeal to the Japanese Supreme Court.
The ruling prolongs the six-year legal saga between Kelly and prosecutors, who unsuccessfully sought to reverse his acquittals on other counts. Ghosn, known for revitalizing Nissan while serving as chairman, faces charges of compensation underreporting and breach of trust. However, after fleeing Japan in December 2019, Ghosn remains in Lebanon, which does not have an extradition treaty with Japan, making a trial unlikely.
Both Ghosn and Kelly were detained in late 2018 upon returning to Japan for company meetings. Ghosn has consistently denied the accusations, while Kelly maintains that his actions were in Nissan's interests and should have been resolved internally rather than in court. Kelly also faces a civil lawsuit filed by Nissan, seeking $26 million in damages. In a broader context, Nissan, facing financial losses amidst declining sales, is exploring a potential business integration with Honda through a joint holding company. (This story was generated by Newser's AI chatbot. Source: the AP)