Nissan shareholders eject disgraced ex-chief Ghosn from board
13 April 2019 |
3:54 pm
Nissan shareholders have voted to oust Carlos Ghosn as a director, severing the firm's last ties with its ex-chairman. Ghosn, who was once credited with rescuing the carmaker, is fighting charges of financial misconduct.
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The board of the French carmaker is set to announce a replacement for CEO Carlos Ghosn later on Thursday. Ghosn is in jail in Japan on fraud and breach of trust charges.
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Carlos Ghosn walked out of a Tokyo prison on bail after 108 days in detention, vowing to fight allegations of financial crimes that could imprison the former Nissan Motor Co. chairman for as long as a decade.
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Nissan shareholders have voted to oust Carlos Ghosn as a director, severing the firm's last ties with its ex-chairman. Ghosn, who was once credited with rescuing the carmaker, is fighting charges of financial misconduct.
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The new indictment accusing Carlos Ghosn of redirecting $5 million from Nissan Motor Co. to his personal accounts not only may extend his time in detention, it also threatens to undermine his argument that he’s a victim of corporate intrigue.
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A Japanese court confirming that Carlos Ghosn will be granted bail of 500-Million yen and may be released as early as today.
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Former Renault and Nissan boss Carlos Ghosn has skipped bail in Japan and fled to Lebanon. The businessman is facing graft charges which his lawyers dismiss as a conspiracy.
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Former Nissan chief Carlos Ghosn's main lawyer says he is "dumbfounded" by the news of his client's sudden departure from Japan, where he was out on bail ahead of a trial for financial misconduct.
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