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Renault chairman Ghosn arrested for alleged fraud
Nissan Motor Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a charismatic leader hailed for rescuing the Japanese carmaker from close to bankruptcy. Ghosn is also chairman and chief executive of Nissan’s French partner Renault and one of the best-known figures in the global car industry, and his departure will raise questions about the future of the alliance. Nissan said that an internal investigation, triggered by a tip-off from a whistleblower revealed Ghosn engaged in wrongdoing including personal use of company money and under-reporting for years how much he had was earning. Nissan CEO...
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