Nissan shareholders oust Carlos Ghosn as a director

2017 Nissan GT-R NISMO

Nissan shareholders ousted Carlos Ghosn as a director on Monday, severing his last tie with the automaker he rescued from near-bankruptcy about 20 years and from which he is now alleged of siphoning funds. Days after Ghosn’s recent arrest in Tokyo, shareholders gathered for an extraordinary meeting, showing bafflement and disquiet about increasing allegations of […]

Tokyo court declines prosecutors’ appeal against decision not to extend Ghosn’s detention

Carlos Ghosn Renault-Nissan

A Tokyo court upheld a decision that refused to extend the detention of former Nissan Motor Chairman Carlos Ghosn and former Representative Director Greg Kelly, public broadcaster NHK stated on Thursday, a move that brings them nearer to a release on bail. The court turned prosecutors’ appeal against the original decision. Ghosn and Kelly were […]

Former Nissan executive Kelly rejects financial misconduct allegations

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Nissan Motor former representative director Greg Kelly rejects allegations of financial misconduct at the automaker, his lawyer stated on Thursday. Kelly and former Nissan Chairman Carlos Ghosn were arrested on November 19 on suspicion of falsifying the Japanese firm’s yearly reports to understate Ghosn’s earnings over several years, rocking Nissan’s alliance with Renault. “There was […]

Carlos Ghosn rejects allegations against him

Carlos Ghosn Renault-Nissan

Former Nissan chairman Carlos Ghosn, arrested last Monday on suspicion of financial misconduct, has rejected the allegations against him, Japanese public broadcaster NHK stated on Sunday. Ghosn, who has not spoken publicly, has informed investigators that he had no aim of under-reporting his earnings on financial documents and has rejected allegations against him, NHK stated, […]

Japan prosecutors likely to build new criminal case against Carlos Ghosn

Carlos Ghosn Renault-Nissan

Japanese prosecutors are likely to build a new criminal case against ousted Nissan Motor Chairman Carlos Ghosn for understating his earnings by 3 billion yen ($27.0 million) during three years from fiscal 2015, the Asahi newspaper reported on Friday. Ghosn and former Nissan Representative Director Greg Kelly are presently being investigated in a case of […]