Renault-Nissan-Mitsubishi Alliance head Carlos Ghosn arrestedNovember 19, 2018
He is accused of violating the financial laws of Japan
The head of the Renault-Nissan-Mitsubishi alliance, Carlos Ghosn, has been detained by the district attorney’s office in Tokyo on charges of violating Japan’s financial laws. A top manager underestimated his premium in a report for the stock exchange and repeatedly used the company’s assets for personal purposes.
The company Nissan released an official statement, which states that during the internal investigation revealed involvement in the violations of another top manager of Nissan Greg Kelly. All received information will be transferred to the prosecutor’s office. In addition, company president Hiroto Saikawa will demand that the board of directors immediately dismiss Ghosn and Kelly.
According to NHK, in the report for the exchange, Ghosn indicated instead of one billion 735 million yen.
Ghosn began his career at Michelin, where he held the position of general director for the production of car tires and light truck tires. In 1996, he became the executive vice-president of Renault, and after the merger with Nissan he became the president of a Japanese manufacturer. In 2005, Ghosn was appointed president and CEO of Renault.
From 2013 to 2016, Carlos Ghosn was Chairman of the Board of Directors of AvtoVAZ OJSC, which is owned by the Renault-Nissan-Mitsubishi alliance and the Russian state corporation Rostec. In 2016, he headed the board of directors of Mitsubishi.