Dec 10, 2018
Carlos Ghosn: Former Nissan chair charged with financial misconduct
Japanese prosecutors have charged former Nissan chairman Carlos Ghosn with financial misconduct, Japanese media report. Mr Ghosn, who headed an alliance of Renault, Nissan and Mitsubishi, has previously denied the allegations. On Monday, he was charged with making a mis-statement on Nissan's annual securities report. Nissan and and Mitsubishi both sacked Mr Ghosn as chairman after the arrest last month. Despite selling fewer vehicles, Renault has a 43% shareholding in Nissan, while Nissan's stake in Renault is only 15%. Nissan holds a 34% stake in Mitsubishi, but has effective control of the company.
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