Nissan chief Carlos Ghosn arrested for financial misconduct

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1 years ago

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Ghosn is also chairman and chief executive of Nissan's French partner Renault and his departure will raise questions about the future of the alliance.

Nissan said an internal investigation, triggered by a tip-off from a whistleblower, had revealed that Ghosn engaged in wrongdoing including personal use of company money and under-reporting for years how much he was earning.

Nissan CEO Hiroto Saikawa said too much power had been concentrated on Ghosn, one of the best known figures in the global car industry and a rare foreign executive who enjoyed corporate superstar status in Japan for reviving the ailing Japanese brand.

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