Nissan's Ghosn to be ousted over financial misconduct allegations [Reuters]
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Source: Reuters
Nissan's Ghosn to be ousted over financial misconduct allegations | Reuters 4 Min Read TOKYO (Reuters) - Nissan Motor Co Ltd ( 7201.T ) said it was ousting Chairman Carlos Ghosn for alleged financial misconduct and Japanese media reported he been arrested, a shocking fate for a leader hailed for rescuing the company from close to bankruptcy. The Japanese automaker said Ghosn’s alleged misconduct included personal use of company money and under-reporting how much he had been paid. Ghosn is also chairman and chief executive of Nissan’s French partner Renault ( RENA.PA ) and one of the best known figures in the global car industry, and his departure would raise question about the future of the alliance. Nissan said it launched an months-long investigation after a whistleblower tipped it off to wrongdoing by Ghosn and Representative Director Greg Kelly. “The investigation showed that over many years both Ghosn and Kelly have been reporting compensation amounts in the Tokyo Stock Excha
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