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Prosecutors indict Nissan, Carlos Ghosn, reports say as focus on CEO role

Monday, December 10, 2018, 7:02 PM

Tokyo prosecutors indicted Nissan Motor along with its ousted Chairman Carlos Ghosn, domestic media reported on Monday, shifting the focus of the financial misconduct scandal to the Japanese automaker and its CEO's responsibility. Ghosn was arrested on November 19 on suspicion of conspiring to understate his compensation by about half of the actual 10 billion yen ($88 million) over five years from 2010.
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Ghosn suspected of shifting personal investment losses to Nissan

Wednesday, November 28, 2018, 8:02 AM

Scandal-hit Carlos Ghosn is suspected of having Nissan shoulder a private investment loss of about 1.7 billion yen ($15 million) in 2008, according to sources. The SESC has also obtained information about the transfer of the loss and told the bank concerned that the move could constitute a special breach of trust in violation of the Companies Law, the sources said Nov. 26.
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Nissan board votes to oust Carlos Ghosn as chairman: Report

Thursday, November 22, 2018, 8:02 PM

The board of Japanese auto giant Nissan has voted to remove Carlos Ghosn from the role of Chairman and Representative Director. Nissan said on its website Monday that it will now form an advisory committee to propose nominations from the board of directors for Ghosn's replacement. A separate committee to review Nissan's governance and executive pay is also to be created.

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