Nissan Motor Co Ltd Chairman Carlos Ghosn is reportedly set to be arrested by prosecutors in Tokyo after he allegedly violated Japanese financial law.
The Asahi media outlet, which initially reported the story on its website, claimed Ghosn had already agreed to be questioned over understating his own income on financial statements. CNBC wasn't able to independently verify the report.
Reuters reported that the Japanese auto firm had been investigating the possible improper practices of Ghosn "for several months." The report added that Ghosn had been using company money for personal use and the Nissan board will now propose that he be sacked from his post as chairman.
Nissan shares had already ceased trading on Monday but Renault shares — with Ghosn also being the CEO and chair of the French automaker — hit their lowest level in three years. Renault stock was more than 9 percent lower, shortly before 11 a.m. Paris time.
from Top News & Analysis https://ift.tt/2TqnOhlvia IFTTT
No comments:
Post a Comment