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Inquest sought in dismissal of case against Nissan CEO

In this May 14, 2019 photo, Nissan Motor Co. CEO Hiroto Saikawa speaks about the automaker's financial results at a press conference in Yokohama. (Kyodo)

TOKYO (Kyodo) -- A man filed a petition in Tokyo on Tuesday seeking an inquest into the decision by prosecutors not to indict Nissan Motor Co. CEO Hiroto Saikawa in connection with the alleged underreporting of former Chairman Carlos Ghosn's executive remuneration.

The petition filed with the Committee for the Inquest of Prosecution said it should have been impossible for Nissan to finalize the payments for Ghosn without Saikawa's involvement.

The ousted chairman has been indicted for understating his remuneration for eight years through March 2018 by around 9 billion yen ($83 million).

On April 26, the prosecutors dismissed a case against Saikawa following a complaint alleging he violated the financial instruments law by submitting incorrect Nissan securities reports covering two years through March 2018 to Japanese regulators.

The name of Saikawa, who succeeded Ghosn as president and chief executive officer in 2017, was cited in the securities reports as Nissan's representative.

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