Nissan's Ghosn to be arrested in Japan for alleged financial violations: Asahi
19 November, 2018, 13:25 | Author: Regina Silva
Nissan Motor Co. said Monday that it will dismiss its chairman, Brazilian-born Carlos Ghosn after finding that he under-reported his income "over many years", among other allegations of misconduct. The companies have worked as an alliance for nearly a two decades and Brazilian-born Mr Ghosn has led a dramatic turnaround at Nissan over the last two decades, rescuing it from near-bankruptcy. Ghosn was also personally involved in acquiring assurances from prime minister Theresa May that the auto manufacturing sector would not be harmed in the aftermath of the Brexit vote in 2016.
Nissan said it would brief reporters on Monday evening. Spokesmen for Renault and the Renault-Nissan-Mitsubishi Motors alliance did not immediately return calls and messages seeking comment on the arrest reports.
Mr Ghosn, a foreign top executive in Japan, has been credited in the past as having turned Nissan around from near bankruptcy.
Renault shares fell as much as 14.4 per cent in Paris on Monday, the lowest in nearly four years in the wake of the scandal, while Nissan shed 0.45 per cent to ¥1005.5 (Dh32.78) at market close in Japan. The country owns around 15 percent of Renault, Nissan's partner, and supported Ghosn's renewal at the helm of the French automaker.
"As the misconduct uncovered through our internal investigation constitutes clear violations of the duty of care as directors, Nissan's chief executive officer Hiroto Saikawa will propose to the Nissan Board of Directors to promptly remove Ghosn from his positions as chairman and representative director". But plans for an orderly succession - and potentially the entire future of the rather unwieldy Renault-Nissan-Mitsubishi structure - may well have been thrown wide open.
Nissan said it was cooperating with Japanese prosecutors.
At the time of arrest earlier today, 64 year old Carlos Ghosn was the Chairman and CEO of Renault, Chairman and CEO of Renault-Nissan-Mitsubishi Alliance, Chairman of Nissan, and Chairman of Mitsubishi.
In June, Renault shareholders approved Ghosn's €7.4 million (US$8.45 million) compensation for 2017.
Bolton was quoted as saying by the Financial Express that the USA wanted Pakistan to cooperate fully in the war against terrorism. He was referring to the big house bin Laden had lived in in Abbottabad where he was killed in a raid by US SEALs in 2011.
Ahead of tonight's 2018 Survivor Series PPV, take a look back at 10 of the biggest moments in the event's illustrious history. WWE Crown Jewel will have a live telecast on Sony Ten 1, Sony Ten 1 HD (both English) and Ten 3, Ten 3 HD (both Hindi).
Solih's inaugural speech mentioned only India by name, while Modi was the only head of government present at the ceremony. This is Modi's first visit to the Maldives and the first prime ministerial visit from India to that country since 2011.
Overnight leader Matt Wallace (71) seemed to be cruising when he reached 14-under after seven holes to open a three-shot lead. I just haven't capitalised on those chances. "It's just a completely different feeling to any other week of the year".
However, since the iPad Pro belongs to Apple , the content creator believes it should have a place on the YouTube channel. Both models come with new all-screen designs, Face ID support, and a monster A12X Bionic chip under the hood.
Israeli soldiers at an army base in the Golan Heights look out across the border with Syria on July 7, 2018. The destructive influence of the Iranian regime inside Syria presents major threats to worldwide security.
In the study, over half the group (58%) said their children used dummies and 12% of parents said they sucked them clean. Parents who suck on their child's dummy to clean it could be helping them avoid allergies, a study suggests.
Then, if the deal is rejected by parliament, the party will demand the opportunity to pursue its own alternative approach. Jeremy Corbyn for his part said a second referendum on Brexit was "not an option for today" but could be in the future.
Other mutinous MPs in her party have openly spoken of ousting her and said the Brexit deal would not pass parliament. However, both the Irish and Dutch prime ministers said there was little scope to change the proposals.
The Sunday Edition: President Donald Trump Tweetstorm
President Trump did admit he does second-guess himself "all the time", but a robust debate in the White House helps, he said. I probably, you know, in retrospect I should have and I did last year and I will virtually every year.
Proteas storm to victory in first T20 global
They must now prepare for a three-match T20 series against India starting in Brisbane on Wednesday before the summer Tests. Rabada also failed to clinch a single wicket from the two overs that he bowled in the match.
NASCAR Championship on the Line in Homestead
Logano blew past Truex through Turn 1 on Lap 256 of 267 and beat the defending champ to the finish line by 1.725 seconds. Logano's win also sealed the manufacturers' championship for Ford, the first for the company since 1999.
Les Miles to be announced as Kansas head coach
Multiple outlets then spotted the new Jayhawk coach landing in a private jet at Topeka Regional Airport. Before going to Baton Rouge, Miles gained some Big 12 coaching experience at Oklahoma State .
Diddy Breaks His Silence On The Tragic Death Of Kim Porter
May God comfort and protect her children and loved ones! "R.I.P to Kim Porter , I send my condolences to her friends and family". Kim and Diddy share three lovely children together and were very much in love for many years (even after they split).
Latest Instagram Bug Exposed Passwords of Some of its Users
In addition, all affected users have been contacted and warned to change their password as well as clear their browser's history. Over the weekend, it was revealed that a new security flaw could have inadvertently exposed Instagram passwords to public view.