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Exclusive: Nissan investigates ‘CEO Reserve' fund

By Reuters | Dec. 15, 2018

**Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance. [Photo: Reuters]**

YOKOHAMA, Japan - Nissan Motor Co Ltd investigators are examining former Chairman Carlos Ghosn’s use of an internal ‘CEO Reserve’ fund and the role of subsidiaries in the Netherlands and other countries as part of a probe into alleged financial misconduct, two people with knowledge of the inquiry told Reuters.

Ghosn and close associates spent money from a fund that some insiders dubbed ‘the CEO Reserve’ to help pay for residences used by the Ghosn family as well as for other personal expenses, the people said.

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