Carlos Ghosn sacked as chairman of Nissan over scandal

Carlos Ghosn sacked as chairman of Nissan over scandal

Carlos Ghosn sacked as chairman of Nissan over scandal

In addition, identified many years of underreporting of income in the reports and the concealment of real incomes of manual Nissan.

Combined, Ghosn has understated his remuneration at Nissan by around 8 billion yen in the eight years through the fiscal year that ended in March, the paper said, without citing sources.

The removal of Ghosn on Thursday clouds the direction of the Renault-Nissan alliance, which he had personally shaped and pledged to consolidate with a deeper tie-up despite reservations at Nissan. In the course of Nissan internal investigation revealed that the gon use company assets for personal purposes.

Japanese prosecutors have also accused Kelly of having a role in the offences.

The arrest and accusations against Mr. Ghosn has shocked employees and industry experts as he was considered a charismatic titan responsible for the Nissan dramatic turnaround during 2000.

Although the Nissan board sacked Ghosn and Kelly, they have made it clear they want to their alliance with Renault and Mitsubishi survive.

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Deputy chief prosecutor Shin Kukimoto said the Ghosn case is "one of the most serious types of crime" under Japan's Financial Instruments Act, and Ghosn could face a 10-year prison sentence.

The decision was taken after the board of directors met to discuss the issue.

The withdrawal of love as Chairman of the Board of Directors saw in Europe and Mitsubishi Motors, while in the Board of Directors of Renault has chose to keep him for all leadership positions, recognizing "temporarily incapacitated".

In a joint statement, Bruno Le Maire and Hiroshige Seko said they both wanted "to maintain this winning cooperation".

This was informed in the press service of Nissan.

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