The chairman of Japanese carmaker Nissan , Victor Ghosn , is likely to be detained after his arrest on charges of financial misconduct . The Brazilian - American businessman was taken into custody in Tokyo after suspicions arose that he had under - reported his JPY10bn ( $ 89 m ) earnings between 2011 and 2016 as JPY5bn – an allegation that also involves the firm 's representative director , Greg Kelly . Ghosn , who was Nissan 's CEO from 2000 to 2017 , was set to lead the Nissan - Nissan - Mitsubishi alliance for the next few years but he is likely to be removed from his position . The company 's shares have fallen 10 % since the arrest .
The chairman of Japanese carmaker Nissan, Carlos Ghosn, is likely to be dismissed after his arrest on suspicion of financial misconduct. The Brazilian-born businessman was taken into custody in Tokyo after suspicions arose that he had under-reported his JPY10bn ($89m) earnings between 2011 and 2016 as JPY5bn – an allegation that also involves the firm's representative director, Greg Kelly. Ghosn, who was Nissan's CEO from 2000 to 2017, was set to head the Nissan-Renault-Mitsubishi Alliance for the next few years but he is likely to be removed from his roles. The company's shares have fallen 10% since the arrest.