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. On Friday morning, however, the Brazilian-born businessman was rearrested over suspicions that he “had used Nissan to cover personal trading losses”, The Sunday Times reports. 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 has been forced out by a scandal over alleged accounting irregularities. 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 has been forced out by a scandal over alleged accounting irregularities. The company's shares have fallen 10% since the arrest.