Nissan’s former chairman Carlos Ghosn denied all allegations of financial misconduct

Business International News From States

NEW DELHI: Nissan’s former chairman Carlos Ghosn who was detained by police and dismissed by Nissan last week has denied allegations of financial misconduct against him. He was arrested alongside fellow Nissan board member Greg Kelly on Monday.

Mr Ghosn, a car industry titan who led the Renault-Nissan alliance, has not spoken publicly since the scandal broke this month. Public broadcaster NHK reported he had told investigators there was no intention to under-report his earnings.

Ghosn, who allegedly also abused company assets for personal use, remains in detention in Tokyo but has reportedly denied the allegations, according to Japanese media. He has not been charged. Local media reported that Nissan had formed a “secret” team earlier this year to probe the alleged financial misconduct.

On Tuesday, the board of Nissan partner firm Renault, where Ghosn is chairman and chief executive, voted not to remove him. The Mitsubishi chief executive, Osamu Masuko, who will become acting chair, declined to comment on the criminal case but said he had been taken aback by Ghosn’s arrest.

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