Business

The US is investigating executive pay at Nissan following the Carlos Ghosn scandal

Posted January 28, 2019 12:45 a.m. EST

— Questions over Nissan's reporting of executive pay have spread to the United States.

The Japanese automaker said Monday that it has received an inquiry from the US Securities and Exchange Commission and is "cooperating fully."

Nissan made the comment in relation to a Bloomberg report, which said the American regulator is looking into whether the company accurately disclosed its executive pay in the United States. Nissan declined to provide further details.

The news follows the recent indictment in Japan of former Nissan boss Carlos Ghosn on allegations of understating his income in Japanese securities filings by tens of millions of dollars over an eight-year period. Nissan has also been indicted in the case.

Ghosn has denied any wrongdoing.

This is a developing story