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Prosecutors indict Nissan's Ghosn for underreporting pay

TOKYO — Prosecutors have charged Nissan Motor Co.’s former chairman Carlos Ghosn, another executive and the automaker itself for allegedly violating financial laws by underreporting income.

The charges imposed Monday involve allegations Ghosn’s pay was underreported by about $44 million in 2011-2015. The prosecutors said earlier that the allegations were the reason for Ghosn’s arrest Nov. 19.

The arrest of an industry icon admired around the world has stunned many and raised concerns over the Japanese automaker and the future of its alliance with Renault SA of France.

The prosecutors issued statements Monday outlining new allegations against Ghosn and Greg Kelly, the other executive. Those are of underreporting another $36 million in 2016-2018.

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