Nissan boss Carlos Ghosn arrested over ‘misconduct’

Carlos Ghosn is head of the Alliance, which includes Nissan, Renault and Mitsubishi (Photo credit: BBC News)

(BBC News) – Nissan chairman Carlos Ghosn has been arrested over claims of financial misconduct, the carmaker has said.

Mr Ghosn, a towering figure in the car industry, will be sacked from the Japanese firm after a board meeting on Thursday, its chief executive said.

He has been accused of “significant acts of misconduct”, including under-reporting his pay package and personal use of company assets.

Nissan said it was unable to give further details on the offences.

Japanese prosecutors have yet to comment on Mr Ghosn’s arrest.

Nissan is the world’s sixth-largest carmaker and its site in Sunderland is the UK’s biggest car plant.

“I feel despair, indignation and resentment.” said Nissan chief executive Hiroto Saikawa at a news conference.

“As the details are disclosed I believe that people will feel the same way as I feel today,” he added

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About Cholo Brooks 14638 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.