Apr 8, 2019

Carlos Ghosn: Nissan ousts former boss from its board

Nissan shareholders have voted to oust the company's former boss Carlos Ghosn from its board. The Japanese carmaker sacked Mr Ghosn as chairman shortly after he was first detained in November. Mr Ghosn was the architect of the alliance between Nissan and French carmaker Renault, and brought Mitsubishi on board in 2016. Prosecutors said Mr Ghosn's latest arrest related to transfers of Nissan funds totalling $15m between 2015 and 2018. Mr Ghosn has denied any wrongdoing throughout, and has described the latest arrest as "Outrageous and arbitrary."

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