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Monday 15 July 2019

French minister announces resignation of under-fire Renault chief

Mr Ghosn denies Japanese accusations that he under-reported income as chairman of Nissan and falsifying financial reports.

Former Renault chief Carlos Ghosn (Michel Euler/AP)
Former Renault chief Carlos Ghosn (Michel Euler/AP)

By Associated Press Reporters

Carlos Ghosn, who is fighting breach of trust and other charges in Japan, has resigned as head of Renault, France’s finance minister has announced.

Mr Ghosn has been detained for more than two months in Japan.

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Sketch of Carlos Ghosn in a courtroom at the Tokyo District Court (Nobutoshi Katsuyama/Kyodo News/AP)

Bruno Le Maire told reporters at the World Economic Forum in Davos on Thursday that Mr Ghosn formally handed in his resignation to Renault’s temporary leadership on Wednesday evening.

The board of French carmaker Renault SA is expected to name Jean-Dominique Senard of Michelin as chairman, and Renault executive Thierry Bollore as CEO.

Mr Ghosn denies Japanese accusations that he under-reported income as chairman of Nissan and falsifying financial reports.

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