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Nissan and Carlos Ghosn Settle S.E.C. Fees for under-reporting income

TOKYO – Nissan pays a $ 15 million fine, and Carlos Ghosn, the former chairman of the Japanese automaker, will pay $ 1 million to settle costs related to false financial disclosures, the Securities and Exchange Commission said Monday.

The settlement is the latest fall from Mr. Ghosn's arrest in Japan in November. The prosecutors have indicted Mr. Ghosn and Nissan himself on charges of underreporting about $ 80 million in compensation to the executive. The scandal has shaken Nissan, where profits have fallen, and caused cracks in its alliance with French carmaker Renault just as the automotive industry faces expensive new challenges.

S.E.C. opened its inquiry in January. Greg Kelly, a former Nissan executive who prosecutors have accused of trying to help Ghosn hide his earnings, will pay $ 100,000, S.E.C. so.

Nissan and the two leaders settled the charges without admitting or denying any allegations, S.E.C. so.

This is a development story. Please check for updates.

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