Nissan Saudi Business Partner Details Work in Ghosn's Defense
- Juffali said Nissan payments under scrutiny were legitimate
- Prosecutors suspect Ghosn shifted investment loss to Nissan
The Tokyo district court on Jan. 8.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Nissan Motor Co.’s Saudi Arabian business partner said his company helped the automaker resolve a dealership dispute and pave the way for a joint venture in justifying $14.7 million in payments now under scrutiny by Tokyo prosecutors in the investigation of ousted Chairman Carlos Ghosn.
A company controlled by Khaled Juffali, the scion of a powerful business family and chairman of one of the kingdom’s biggest conglomerates, E.A. Juffali & Brothers, defended Ghosn in its first public statement since Tokyo prosecutors re-arrested the embattled auto executive Dec. 21 on suspicion of improperly shifting personal investment losses to the Japanese automaker.