News reports from the Asahi Shimbun and NHK came about late afternoon of November 19, Monday, that Nissan Motor Co. Ltd.. Chairman Carlos Ghosn had been questioned by Japanese authories and arrested thereafter on charges of alleged misconduct.
The scandal-rocked Japanese automaker has thereafter decided to fire its Chairman Carlos Ghosn on allegations of serious misconduct. This comes after months of internal investigation by the company following a whistleblower report. Another executive was also implicated, Representative Director Greg Kelly.
Ghosn and Kelly have been implicated for misdeclaring compensation amounts in the Tokyo Stock Exchange. An internal audit has discovered that Ghosn has underdeclared his actual compensation.
Ghosn has been discovered for allegedly misdeclaring his salary of nearly JPY 10 billion as JPY 5 billion over five years since 2011.
Nissan Motor Company said in a statement:
“Based on a whistleblower report, Nissan Motor Co., Ltd. (Nissan) has been conducting an internal investigation over the past several months regarding misconduct involving the company’s Representative Director and Chairman Carlos Ghosn and Representative Director Greg Kelly.
The…
