Tokyo prosecutors indicted ousted Nissan Motor chairman Carlos Ghosn for under-reporting his earnings and also formally charged the automaker, making the firm guilty for the financial misconduct scandal that has surprised the industry. Ghosn was arrested on November 19 on suspicion of conspiring to understate his income by about half of the actual 10 billion
Nissan informed Renault its CEO Hiroto Saikawa was not able to attend an Amsterdam meeting as he was helping Tokyo prosecutors investigating alleged misconduct led by Carlos Ghosn, chairman of the automakers’ alliance, sources with knowledge of the issue informed Reuters. Renault was told by a Nissan representative this week that “Saikawa was unable to
Tokyo prosecutors prepare to indict former Nissan Motor Chairman Carlos Ghosn on Monday for financial misconduct, the Nikkei business daily noted, ratcheting up their case against the auto tycoon. Prosecutors also prepare to indict on the same day former representative director Greg Kelly together with the automaker itself, the Nikkei reported on Friday, citing unidentified
A Nissan Motor panel on Tuesday failed to nominate a successor to Carlos Ghosn as chairman following his arrest and dismissal for alleged financial misconduct in November, a source knowledgeable with the situation informed Reuters. Ghosn could remain in detention until the end of this year as Tokyo prosecutors prepare to rearrest him on a
Nissan Motor’s external board members failed on Tuesday to nominate a successor to Carlos Ghosn as chairman of the automaker following his arrest and dismissal for alleged financial misconduct, Kyodo News noted. The Japanese news agency did not mention its sources in reporting that the three members of the nine-member board had delayed the decision
Tokyo prosecutors prepare to arrest Carlos Ghosn on a fresh claim of understating his earning, the Sankei newspaper reported on Tuesday, in a move that could keep the former chairman of Nissan Motor in detention until the end of this year. Ghosn has been detained in Tokyo since his November 19 arrest on suspicion of
Nissan’s three independent board members are going to meet on Tuesday to talk about a replacement for arrested former Chairman Carlos Ghosn, a source knowledgeable with the matter stated. The company earlier stated that the three members would nominate a candidate to take place of Ghosn, who was arrested in November for alleged financial misconduct.
Tokyo officials on Friday extended for another 10 days the detention of eliminated Nissan Motor chairman Carlos Ghosn, who is currently held in Tokyo’s main detention center following allegations against him of financial misconduct, Japanese media stated. Ghosn has been held since November 19 and Japanese officials now have to file charges by December 10.
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
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,
A former Nissan Motor executive arrested together with ex-chairman Carlos Ghosn has defended Ghosn’s compensation, stated it was discussed with other officials and paid out appropriately, Japanese public broadcaster NHK stated on Saturday. In his initially reported comments since his arrest on Monday, Greg Kelly was also quoted by NHK as stating that he had
Nissan Motor is intended to nominate a new chairman under a month or two, hopefully before its next board meeting slated for around December 20, a source knowledgeable with the matter stated, after the automaker ousted Carlos Ghosn as chairman on Thursday. The nomination will be carried out by the Japanese automaker’s newly created advisory
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
Nissan Motor’s board voted on Thursday to oust Carlos Ghosn from his post as chairman after his arrest in Japan this week, public broadcaster NHK reported, marking the surprising downfall of the executive once praised as the savior of the Japanese automaker. The elimination of Ghosn clouds the direction of the Renault-Nissan alliance, which he
Renault’s board had prompted Nissan’s board before its meeting on Thursday to delay eliminating Carlos Ghosn from his position as chairman, sources knowledgeable with the matter informed Reuters. Nissan’s board voted unanimously on Thursday to eliminate Carlos Ghosn from his post after his arrest in Japan this week, public broadcaster NHK reported, marking the stunning