26 Nov 2018
Carlos Ghosn fired as Mitsubishi Motors chairman
Chairman of Mitsubishi Motors, Carlos Ghosn has been fired by the company after news of his arrest in Japan, following claims of misconduct.
According to reports, Mr Ghosn who headed an alliance of Mitsubishi, Nissan and Renault, had falsely understated his salary and had used company money for personal gains.
This led to Nissan removing Carlos Ghosn from the company last week, following his arrest, and Mitsubishi taking the same action.
The media in Japan, however, has reported that Mr Ghosn has denied all allegations. Though he is yet to speak publicly about the situation and currently remains in detention.
In a short statement by Mitsubishi, the company said:
“During today’s Board Meeting, it was decided that he is dismissed as chairman.”
Carlos Ghosn was the architect of the Renault-Nissan alliance. He was responsible for bringing Mitsubishi on board in 2016 to help stabilise the company after it was hit with the scandal of over-stating fuel efficiency in some of their cars.
Despite being in custody in Tokyo last week, Mr Ghosn has not yet been charged by the authorities. If allegations of financial misconduct against him are proved in court, he could face up to a decade in prison.