Nissan Chairman Carlos Ghosn faces arrest, says Japanese newspaper

After the massive scandal that rocked the Volkswagen Group over doctored diesel emissions a few years ago, here comes another one involving the top man of Renault-Nissan-Mitsubishi Alliance Carlos Ghosn for financial irregularity.

Carlos Ghosn, 64, chairman and CEO of the Renault-Nissan-Mitsubishi alliance is likely to be arrested soon according to a report in the Asahi Shimbun, a respected daily newspaper of Japan. According to the newspaper’s sources, prosecutors were moving toward arresting Nissan Motor Co. Chairman Carlos Ghosn on Nov. 19 on suspicion of under-reporting his corporate salary. .

Ghosh has been suspected of under-reporting of his corporate salary by several hundreds of millions of yen, sources told the Asahi newspaper. “Investigators with the Tokyo District Public Prosecutors Office were looking at possible violations of the Financial Instruments and Exchange Law that relate to false entries on corporate financial statements,” said the newspaper. .

Prosecutors are expected to arrest Ghosn soon for questioning. Ghosn has been a very successful corporate leader, being the boss of Renault and Nissan and now with Mitsubishi being a part of the Alliance, he is also the chairman of Mitsubishi Motors since 2016.