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Carlos Ghosn: Former Nissan chair charged with financial misconduct

Japanese prosecutors have charged former Nissan chairman Carlos Ghosn with monetary misconduct, Japanese media report.

Carlos Ghosn
Carlos Ghosn Former Nissan chair charged with monetary misconduc

Prosecutors stated Mr Ghosn underreported his compensation within the firm’s monetary statements over a 5 12 months interval.

He was arrested in November after the allegations first surfaced.

Mr Ghosn, who headed a Renault-Nissan-Mitsubishi alliance, has beforehand denied the accusations.

Media reviews additionally stated prosecutors had charged Nissan in relation to the case.

Monday was the final day Mr Ghosn could possibly be held by authorities earlier than he both needed to be charged or launched. Mr Ghosn has been re-arrested on separate expenses, Japanese broadcaster NHK stated.

Brazil-born Mr Ghosn, aged 64, was the architect of the Renault-Nissan alliance, and introduced Mitsubishi on board in 2016. He has up to now been hailed a hero in Japan for turning across the ailing Nissan.

Nissan and and Mitsubishi each sacked Mr Ghosn as chairman after the arrest final month.

Renault stated on the time Mr Ghosn would stay as its chairman and chief government, however has appointed a temporary deputy chief executive to take over the operating of the agency.

Regardless of promoting fewer automobiles, Renault has a 43% shareholding in Nissan, whereas Nissan’s stake in Renault is barely 15%.

Nissan holds a 34% stake in Mitsubishi, however has efficient management of the corporate.

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