Ghosn must take at Nissan on his hat

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After the arrest of CEO Ghosn, the Board of Directors of the media has decided to according to reports, the 64-Year-olds to sell. And Ghosn is apparently not the only Manager that needs to go.

Three days after the spectacular arrest of Carlos Ghosns the Board of Directors of the Nissan group, has decided to dismiss the Chairman from his Post. The reports, according to the Japanese broadcasting station NHK and the Nikkei. Many experts had previously assumed, Ghosn has to take his hat.

A district court in Tokyo had ordered on Wednesday that the 64-Year-old for a further ten days should remain imprisoned. Ghosn had been taken at the beginning of the week, according to a survey conducted by the public Prosecutor’s office. He is alleged to have, since 2011, income in the amount of approximately 40 million euros not declared. In addition, he misappropriated company funds of the Nissan group and, therefore, luxury apartments in four countries have bought.

Ghosn threatened with long prison sentence

Proceedings against him should be opened, threatening him with a five-digit fine, and theoretically up to ten years in prison. Ghosn was the only Board of Directors chief at Nissan, but also the chief Executive officer at allied car maker Renault. There is already a top Manager Thierry Bolloré has taken over ongoing operations, while Hiroto Saikawa on a transitional basis, the Board of Directors of Nissan should be your guide.

The Nissan Board of Directors voted to remove the Manager, Greg Kelly from his office. Kelly was Deputy Director at Nissan and to have been involved in the embezzlement of company funds. Also, he is currently in custody.

In France, people are very concerned about the continued existence of the already 19 years of Auto Alliance, in addition to Nissan and Renault for the past two years, Mitsubishi. France’s economic and Finance Minister Bruno Le Maire has already invited the colleagues from Japan, Hiroshige Seko to Paris, to advise with him about crisis solutions.

djo/kle (afp, dpa, rtr)