Saturday , October 16 2021

Flash – Ghosn ahead of the possibility of his dismissal at the Mitsubishi Central further charges against him



TOKYO (Reuters) – Mitsubishi Motors executives will meet on Monday to decide the dismissal of Carlos Ghosn, who is accused of financial irregularities, while leaking other accusations against him was released.

At an emergency meeting in Tokyo, "the board of directors will be proposed to immediately dismiss Ghosn from office … as chairman of the board," said the Japanese company, the third in a strong alliance with Nissan and Renault.

After his sudden arrest on Monday, a Lebanese French-Brazilian businessman began his second week at a detention center in Japan for hiding part of his income of around $ 44 million over the years.

He has not been formally charged and denied the allegations and told the prosecutor that he had no intention of hiding his income.

In turn, his assistant, Greg Kelly, who was described as the mastermind of the alleged violations, denied the allegations, as reported, stressed that Ghosn's salary was paid well.

Nissan's board of directors unanimously decided on Thursday to get rid of Ghosn from the presidency, in Ghosn's sudden coup, credited with successfully changing the fate of the Nissan-Renault-Mitsubishi alliance.

"After reviewing a detailed report on internal investigations, the council voted unanimously to dismiss Carlos Ghosn as chairman," the director said.

According to local media, Nissan has formed a "secret" cell within the company to investigate alleged financial irregularities.

Managers quickly investigated amid concerns that Ghosn was working on a full merger between Nissan and Renault, Kyodo News reported without mentioning the source.

Renault is the dominant partner in the alliance and has 43 million shares in Nissan, but the Japanese company outperformed its French counterparts – raising concerns in Tokyo about the balance of power.

The tripartite alliance is the first car manufacturer in the world, with 10.6 million cars sold. This alliance employs around 450,000 people worldwide.

The French government owns 15% of Renault's capital. Renault has decided to support Ghosn so far and has been appointed as interim director.

– conspiracy theories –

French Economy Minister Bruno Lemerre urged the Japanese company to "quickly" share the information it had gathered, saying that Ghosn would remain in Renault's head until "concrete accusations" were raised.

But Lemerre said, "I don't believe in conspiracy theories" amid reports of a "coup" inside Nissan to prevent a branch from joining Renault.

Nissan CEO Herutu Saikawa spoke to staff on Monday. Seikawa, who was chosen by Ghosn himself, said in a letter to his staff "not happy and disappointed".

Japanese media still leaked allegations of wrongdoing.

Officially, the plaintiff is investigating allegations that Ghosn has reduced his income by around 5 billion yen ($ 44 million) between June 2011 and June 2015.

But the Asahi Shimbun newspaper said authorities planned to recapture Tuefeeh on charges of reducing their salary by another 3 billion yen – a total of 71 million dollars – in the next three fiscal years.

Under Japanese law, suspects can face additional arrest warrants, which can lead to more severe penalties. At present, Ghosn faces 10 years in prison and / or a fine of 10 billion yen.

According to Kyodo news agency, Nissan has paid $ 100,000 a year since 2002 to Ghosn's sister for a fictional "advisory" role.

The Mainchini Shimbun newspaper said on Monday that Ghosn had used money to pay for his daughter's university donations, and family trips from company money.

 © 2018 AFP


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