Thursday , October 28 2021

Ghosn sacked as president & # 39; Mitsubishi Motors



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Reuters

Carlos Ghosn dismissed as the president & # 39; Mitsubishi Motors after his arrest in Japan due to allegations of & # 39; misconduct.

It follows a similar move by Nissan last week in & # 39; half the requests with & # 39; false way underestimated his salary and use company money for personal gain.

Mr Ghosn, who led alliance & # 39; Renault, Nissan and Mitsubishi, denied the allegations, according to media reports in Japan.

It remains & # 39; in & # 39; detention and is not publicly talked about the affair.

Mr. Ghosn, born in Brazil, a & # 39; 64, was the architect of the Renault-Nissan alliance, Mitsubishi and brought on board in 2016.

He was credited to have helped stabilize the company after it was rocked by scandal in 2016 involving more fuel efficiency fuel & # 39; a Mitsubishi car.

Disclaimer

On Sunday, public broadcaster NHK of Japan, which first revealed the arrest and detention last week of Mr. Ghosn, said the businessman has told investigators.

Greg Kelly, a former executive of & # 39; Nissan arrested with Mr Ghosn, was quoted by NHK as defending the compensation of his head, said he discussed with & # 39; Other officials and paid accordingly.

Japanese prosecutors claim that both konspiraw men to reduce the remuneration of Mr Ghosn b & # 39; about half the 10 billion yen ($ 88m; £ 68m) obtained in & # 39; Nissan five years from 2010.

The company also alleged that money used to buy the property. He was not formally charged.

The board & # 39; Nissan on Thursday unanimously decided to remove Mr Ghosn as president, spectacular decline from grace for dynamic accredited dealer to turn the fortunes of & # 39; once by linking his fate with & # 39; Renault.

The executives made their decision "based on the large amount and the compelling nature of the evidence & # 39; misconduct filed", said company spokesman.

Nissan formed tablu "secret" earlier this year to address alleged failure & # 39; financial misconduct by Mr. Ghosn, who was hailed a hero in Japan to re & # 39; Nissan brings.

"No conspiracy '

But there are suspicions about the timing of the fall of Mr. Ghosn, took place among the concerns about the future of the Renault-Nissan partnership

He thought he was planning links & # 39; deeper trade between car manufacturers, something that executives & # 39; Nissan feared could see their company reduced to junior partner.

On Monday, the chief executive of & # 39; Nissan told the staff & # 39; "His shock" at the allegations against Mr Ghosn.

F & # 39; & # 39 meeting, attended by hundreds of 45 minutes & # 39; employees at headquarters & # 39; company Yokohama and broadcast internally to other sites, Hiroto Saikawa stressed that operations & # 39; m per day & # 39; should be affected by the scandal.

The minister & # 39; the economy & # 39; France Bruno Le Maire urged Nissan to "quickly" divide any evidence gathered and emphasized Mr. Ghosn will continue & # 39; handle Renault "until there is tangible costs".

However, Mr Le Maire also said the French media on Sunday that "I do not believe in & # 39; themes & # 39; conspiracy" f & # 39; half speaking of the so-called "palace kolpjun "to take more control over Nissan.

The three companies are linked together through & # 39; border shares can be complicated to remove. Renault executive appointed to take charge of & # 39; Renault on a "temporary basis".

Executives of the three companies are believed to be planning a meeting this week, their first gathering since the arrest of Mr Ghosn.

The meeting was held in Netherlands b & # 39; video conferencing available to executives who can not attend, the newspaper Yomiuri Shimbun of Japan reported.

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