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.
Celebrating its 120th Anniversary, Royal Enfield announced the launch of a new range of limited edition helmets earlier this week. The limited range will consist of hand painted helmets designed by ar...
Sony India has introduced the new XAV-AX8100 in-car media receiver, offering new utility features, powerful sound and smart features.
ExxonMobil Lubricants Pvt Ltd launched its upgraded Mobil Super Moto range of engine oils to make it easier for people to maintain their two-wheelers in top condition. The launch comes at a time when...
In an exclusive interview, Uday Narang, Chairman, Anglian Omega Group & Omega Seiki Mobility
talks about his company plans to enter the two and four wheeler electric vehicle space.
Motown India speaks to Woosuk Leem, Managing Director, AS Parts Division, Mobis India to get more details about the Hyundai Mobility Membership App and its advantages.
Vishal Mathur, Senior Vice President, LMD Truck Business – VECV elaborates upon VECV’s Light & Medium Duty (LMD) business in India, the company’s product offering and the several advantages offered by...