Document says Ghosn is suffering from kidney failure, was arrested illegally

Carlos Ghosn pictures

Former Nissan CEO Carlos Ghosn’s “illegal” arrest has interrupted his treatment for chronic kidney failure, which Ghosn suffers from as a result of treatment for high cholesterol, his defense stated in documents observed by Reuters on Thursday. Ghosn’s defense team, in documents prepared after Ghosn was arrested for the fourth time by Tokyo prosecutors last […]

Ghosn slams ‘backstabbing’ former Nissan colleagues in the video

Carlos Ghosn pictures

A defiant Carlos Ghosn alleged “backstabbing” former colleagues of conspiring to eliminate him as Nissan chairman and threatening the Japanese automaker’s future, in a video showing his first public address since his initial arrest last year. Prosecutors took the highly uncommon step of re-arresting Ghosn on Thursday on new allegations that he used company funds […]

Prosecutors seized Ghosn’s wife’s passport, mobile, says lawyer

Carlos Ghosn pictures

Tokyo prosecutors seized the passport and mobile phone of Carlos Ghosn’s wife, Carole, when they arrested the former Nissan boss on Thursday morning, his lawyer stated, adding that the defense team would “strongly appeal” the latest arrest. “Ghosn’s wife happened to be with him when he was arrested, so they seized her passport and her […]

Carlos Ghosn has been arrested for fourth time

Carlos Ghosn Renault-Nissan

Japanese prosecutors arrested former Nissan Motor boss Carlos Ghosn for a fourth time on Thursday, public broadcaster NHK stated, after Japanese media reported that authorities were developing a new case against Ghosn regarding payments made to a dealer in Oman. Prosecutors arrest Ghosn over suspicion of aggravated breach of trust, NHK stated. French finance minister […]

Renault alerts prosecutors to Oman dealer payments under Ghosn

Carlos Ghosn Renault-Nissan

Renault has notified French prosecutors to payments made to a Renault-Nissan business partner in Oman under former CEO Carlos Ghosn, two sources informed Reuters. This comes after an internal investigation by the French automaker after Ghosn’s November arrest in Japan for suspected financial misbehavior at its alliance partner Nissan. Renault’s inquiry has confirmed it paid […]

Nissan panel states facts point to legal violations by Carlos Ghosn

Carlos Ghosn Renault-Nissan

An external committee evaluating governance at Nissan Motor stated on Wednesday there were enough facts to assume violations of laws and the private use of company funds by former chairman Carlos Ghosn. After a three-month audit of Nissan’s governance following a scandal that shook the worldwide auto industry, the committee put the blame directly on […]

Nissan to propose bigger role for external directors

Nissan Micra Gen5 images

A committee tasked with renovating corporate governance at Nissan Motor is expected to recommend on Wednesday a bigger role for external directors in supervising the Japanese automaker after Carlos Ghosn’s arrest and ouster as chairman. The independent panel will declare the results of its three-month audit of Nissan’s governance-related procedures, as the automaker seeks to […]

Nissan, Renault break up chairmanship in wake of Ghosn’s ouster

Renault-Nissan logo

Japan’s Nissan Motor and France’s Renault stated they would retool the world’s top automaking alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship earlier wielded by ousted boss Carlos Ghosn. The ouster of Ghosn, credited for rescuing Nissan from near-bankruptcy in 1999, had resulted in much uncertainty about the future of […]

Prosecutor says Ghosn’s bail conditions are insufficient

Carlos Ghosn Renault-Nissan

A Tokyo prosecutor stated Friday he find the bail conditions imposed on Carlos Ghosn, the former boss of Nissan Motor and Renault, would be insufficient to avoid tampering of evidence. Shin Kukimoto, deputy public prosecutor at the Tokyo District Public Prosecutors Office, was discussing with reporters on Thursday, a day after Ghosn was released on […]