Japan's markets watchdog recommends $22 million fine for Nissan over Ghosn pay www.reuters.com

FILE PHOTO: The Nissan logo is seen at their booth at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019.
REUTERS/Edgar SuTOKYO (Reuters) - Japan’s markets watchdog said on Tuesday it has recommended that Nissan Motor Co Ltd (7201.T) be fined about 2.4 billion yen ($22 million) over the underreporting of former chairman Carlos Ghosn’s compensation.
The fine would cover the four financial years from April 2014 to March 2018, markets watchdog the Securities and Exchange Surveillance Commission (SESC) said in a statement.
Japan’s financial regulator the Financial Services Agency will make a final decision on the fine.
A 2.4 billion yen fine would be the second largest ever imposed in Japan for false reporting in a corporate financial statement, behind a 7.3 billion yen fine imposed on Toshiba Corp (6502.T) in 2015, according to the SESC.