Gegli news - Nissan fires Carlos Ghosn after arrest - 11/23/2018 3:56:01 AM 3:56:01 AM
He's accused of reporting $ 44.6 million in personal income
The Nissan Motor Company expelled Carlos Ghosn as chairman on Thursday to a powerful showdown to nearly two decades of government in Japan after his arrest for financial improprieties.
Nissan said in a statement that the company's board of directors voted unanimously in a lengthy meeting to dismiss Ghosn as chairman and chairman of the delegation.He said that his own internal investigation, triggered by a spy, found that he was behaving badly, including reporting income and using assets of the company.
It was a confusing fall for one of the biggest figures in the automotive industry, a man who helped drive two Renault SA and Nissan factories, and then managed an alliance that last year sold 10.6 million cars, besting its rivals.
In a statement to the Tokyo Stock Exchange, Nissan said that research has revealed the use of corporate investment funds and the cost of money for personal gain.
Earlier this week, Renault voted to keep its executive director, but appointed Thierry Bollore, its chief operational officer, as its interim president.
Another director of Nissan, Greg Kelly, was arrested on charges of collaborating with the offender and will also be fired as CEO.Nissan said. Their replacement will be determined later.
According to Tokyo prosecutors, Ghosn, 64, will report $ 44.6 million in revenue from 2011-2015.
Under Japanese law, suspects can be arrested for 20 days for any alleged charges without a formal indictment. Additional costs can be labeled and lead to longer arrests. So far neither of these has been accused.
The maximum penalty for violating financial laws and exchanges is 10 years of imprisonment, which is a dollar fine or both.
One of the French citizens who was born in Brazil after becoming Renault bankrupt after bankruptcy, Renault became a big star in Japan.
They have to figure out how they can do it and they are still living happily in the same house.