Sunday , January 17 2021

Ghosn, chairman of Nissan, is expected to be arrested in Japan for alleged financial irregularities, the newspaper said



It is expected that the chairman of Nissan Motor Co, Carlos Goss, will be arrested by Tokyo prosecutors for alleged financial irregularities in Japan, Asahi newspaper reported on Monday.

Carlos Ghosn, President and CEO of the Renault-Nissan-Mitsubishi Alliance at the 1/10/8 event in Paris. REUTERS / Regis Duvignau

Carlos Ghosn, President and CEO of the Renault-Nissan-Mitsubishi Alliance at the 1/10/8 event in Paris. REUTERS / Regis Duvignau

Photo: Reuters

The newspaper reported on its website that Ghosn, who is also the chairman and CEO of Renault in France, is suspected of underestimating his own income in the financial statements and agreed to volunteer with promoters.

A Nissan spokesman said the company is checking the report. Representatives of Renault and the Renault-Nissan-Mitsubishi alliance did not immediately return calls and comment messages.

NHK Public TV reported that the State is being questioned on suspicion of financial irregularities.

The district prosecutor's office in Tokyo declined to comment.

Renault shares plummeted in Paris with a 5.5 percent decline and were among the worst performers in Europe.

Ghosn, a rare high-ranking foreign chief executive in Japan, is well regarded for taking Nissan from bankruptcy collapse.

Born in Brazil, a descendant of Lebanese and a citizen of France, he began his career with the Michelin team in France and then moved to Renault. He joined Nissan in 1999, after Renault bought a controlling stake and became its general manager in 2001.

Reuters
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