In this file photo taken on July 16, 2013, Chairman and CEO of Renault-Nissan Carlos Ghosn gestures while addressing a press conference in Chennai. / AFP / Manjunath Kiran
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Nissan's former chairman Carlos Ghosn under-reported his income by a total of $71 million -- much more than initially suspected -- Japanese media reported Friday.Prosecutors arrested Ghosn on Monday, accusing him and fellow executive Greg Kelly of understating the former chairman's income by around five billion yen ($44 million) between June 2011 and June 2015 .But Ghosn is now suspected of under-reporting his earnings by another three billion yen for the following three fiscal years, the Asahi Shimbun and the Nikkei business daily reported. Ghosn is also suspected of failing to report a profit of four billion yen through stock appreciation rights -- a method for firms to give management a bonus on strong earnings, the Nikkei said.
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