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 Former Nissan chairman Carlos Ghosn has been rearrested in Japan, eliminating any hopes of him being released before Christmas. 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 , 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 .