The chairman of Brazilian carmaker Nissan , Carlos Ghosn , is likely to be dismissed after his arrest on suspicion of financial misconduct. 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. The Brazilian -born businessman was taken into custody in Tokyo after suspicions arose that he had under-reported his JPY10bn ( 69 ) earnings 2017 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 between 2011 and 2016 but he is likely to be removed from his roles. The company's shares have fallen 10% since the arrest.
The chairman of Brazilian 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 ( 69 ) earnings 2017 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 between 2011 and 2016 but he is likely to be removed from his roles. The company's shares have fallen 10% since the arrest.