Monday 23 September 2019

Nissan ‘dismisses’ Carlos Ghosn amid financial misconduct probe

The media reports have not been confirmed by the company which says it must first inform the markets.

Nissan Motor Global Headquarters in Yokohama near Tokyo (Eugene Hoshiko/AP)
Nissan Motor Global Headquarters in Yokohama near Tokyo (Eugene Hoshiko/AP)

By Yuri Kageyama, Associated Press

Nissan Motor’s board of directors has voted to dismiss Carlos Ghosn as its chairman after he was arrested on suspicion of falsifying financial reports and other misconduct, according to Japanese media reports.

Nissan’s board held an emergency meeting at the company headquarters in Yokohama on Thursday.

The national broadcaster NHK and other Japanese media reported the decision, which emerged after hours of discussions.

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Carlos Ghosn (David Parry/PA)

However Nissan refused comment, saying it has to first inform the Tokyo Stock Exchange of its decision.

Earlier this week, alliance partner Renault voted to keep Mr Ghosn as its chief executive but appointed Thierry Bollore, the chief operating officer, as interim chief.

Tokyo prosecutors say Mr Ghosn is suspected of under-reporting 44.6 million US dollars in income from 2011 to 2015.

PA Media

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