Prosecutors weigh bringing charges against Nissan over Ghosn case

Renault names interim CEO stands by Ghosn			Image by Renault

In Paris, the hastily called board meeting was chaired by independent director Philippe Lagayette in the absence of Mr Ghosn.

Nissan Motor Co. sank deeper into crisis Wednesday as it emerged the vehicle giant could itself face charges over alleged financial misconduct that has already led to the stunning arrest of its chairman, Carlos Ghosn.

"The Board endorsed the support expressed by the Nissan management to the Renault Nissan Mitsubishi Alliance, which remains the priority of the Group", the memo said.

Nissan officials said they believe Ghosn used the under-reported 5 billion yen for private purposes by dipping into Nissan's investment funds and general expenses. Bollore is a long-time industry veteran who had done stints at both Michelin and Faurecia before coming to Renault.

Monday's arrest of the millionaire auto tycoon, who is credited with turning around the Nissan-Renault-Mitsubishi Motors alliance, sent shockwaves through the global vehicle sector and corporate Japan.

What does reaching the Nations League finals mean for England?
Germany , who led 2-0 after only 20 minutes through goals by Timo Werner and Leroy Sane, were punished for not being clinical enough in the second half.

Mr Bollore, effectively Ghosn's heir apparent since he was elevated to chief operating officer in February, was named interim deputy chief executive officer, with the same powers as Ghosn, Renault said in a statement late Tuesday (Nov 20) after a board meeting.

Nissan, which held its own investigation, promptly announced it would fire Mr Ghosn as chairman and representative director on Thursday. There was apparently great tension between Ghosn and Nissan CEO Hiroto Saikawa.

Following Ghosn and Kelly's arrests, which were based in part on evidence gathered in a Nissan internal investigation, details have begun to emerge on some of the alleged financial transgressions the pair are suspected of.

So far the French government, which is Renault's largest shareholder, is reserving judgment on Ghosn. On the other hand, Nissan owns just 15 percent of Renault which gives it no voting rights or control over its French partner. But while Ghosn deals with his legal issues in Japan, Bollore will have the same authority to run the company as the CEO, it added. France has examined Ghosn's local tax records and found "nothing particular", Le Maire said.

The Brazilian-born businessman has been credited with turning around both Nissan and Renault before becoming the linchpin of the alliance the companies later formed.

Related news:

Hot News

isis-killer-beheading-video-story-top Queen Elizabeth Reportedly Isn't A Fan Of Meghan Markle's "Hollywood" Style
Nov 21, 2018 - 17:34
Prince Harry joined his expectant wife at the appearance, which happened to land on the couple's six-month wedding anniversary. Royal Variety Charity chairman Giles Cooper said the posy was deliberately picked to mark Meghan's first visit to the gala.

isis-killer-beheading-video-story-top JR Smith doesn't believe Cavaliers' talk of making playoffs
Nov 21, 2018 - 17:04
The JR Smith era in Cleveland has come to an end as the wine and gold have announced that swish will no longer be with the team. With Smith gone, the Cavaliers have just three players - Love, Tristan Thompson and Channing Frye - left from their title team.

isis-killer-beheading-video-story-top NRL Jarryd Hayne charge with aggravated sexual assault, released on bail
Nov 21, 2018 - 12:38
After voluntarily attending Sydney's Ryde police station he was arrested and subsequently charged by police. Hayne's representative Wayne Beavis opted not to comment when contacted by AAP after the allegations arose.

isis-killer-beheading-video-story-top Sabarimala: Devaswom Board asks SC for more time to implement order
Nov 21, 2018 - 12:23
I'm not going because I'm scared but it is at the request of Kerala police citing security threats. Sabarimala Temple opened on Friday because of the Mandala-Makaravilakku pilgrimage season.

isis-killer-beheading-video-story-top Galaxy S10’s 4th model leaked
Nov 21, 2018 - 11:48
By the start of this month, we came to know that Samsung will launch a new Samsung Galaxy Note 9 White Color Variant. Remember too that Samsung's got a foldable Galaxy smartphone coming at some point in the first half of the year.

isis-killer-beheading-video-story-top Robert Mueller Breaks Silence on Matthew Whitaker’s Designation as Acting Attorney General
Nov 20, 2018 - 17:29
Three Democratic senators have filed a lawsuit challenging the appointment of Matthew Whitaker as acting attorney general. The move comes after the Justice Department's Office of Legal Counsel released a legal opinion defending the appointment.

isis-killer-beheading-video-story-top House Democrats vow to oppose Pelosi as next speaker
Nov 20, 2018 - 17:10
The Pelosi opponents' theory is, once it's clear she doesn't have the votes, a new leader will emerge. Several incoming lawmakers also signed the letter, including Joe Cunningham of South Carolina.

isis-killer-beheading-video-story-top Abu Dhabi Test: Pakistan close in on victory against New Zealand
Nov 20, 2018 - 17:01
Ajaz Patel and the rest up the Black Caps will line-up for the second Test in Dubai starting on Saturday. All hopes were pinned on Azhar Ali to take his team to victory shepherding the tail-enders.

isis-killer-beheading-video-story-top All Blacks captain Read praises Ireland
Nov 20, 2018 - 16:29
The All Blacks tryless; say that out loud, the All Blacks did not score a try, the All Blacks did not look like scoring a try. Flyhalf Jonathan Sexton switched play to Bundee Aki running to the short side, and wing Jacob Stockdale chipped ahead.

isis-killer-beheading-video-story-top $199 Console and $20 Games
Nov 20, 2018 - 14:30
Target , Walmart , Amazon and GameStop are selling the 1TB PS4 with Spider-Man bundle for just $200, a savings of $100. Black Friday falls on November 23rd this year, with Cyber Monday deals kicking in a few days later on November 26 .

isis-killer-beheading-video-story-top Mike Francesa Has Predictable Reaction To Browns-Condoleezza Rice News
Nov 18, 2018 - 21:32
She also recently chaired a commission on college basketball , which recommended significant changes to the sport. The position opened up after former head coach Hue Jackson was turfed October 29.

isis-killer-beheading-video-story-top Macron says France is US ally, not a vassal state
Nov 18, 2018 - 21:32
The British Prime Minister called him on the Board №1 with congratulations, but the President sharply said to her. The battles with May and Macron are the latest example of Trump's abrasive style when meeting worldwide leaders.

isis-killer-beheading-video-story-top Newlyweds Deepika-Ranveer arrive in India
Nov 18, 2018 - 16:42
As soon as the Dulha-Dulhan arrived at the airport, several fans grabbed this opportunity to get a picture clicked with them. Bollywood stars Deepika Padukone and Ranveer Singh returned to India on 18 November after their wedding at Lake Como, Italy .

isis-killer-beheading-video-story-top Google launches Pixel 3 Black Friday deals
Nov 18, 2018 - 15:43
It allows cameras to capture photos in low-light environments and helps to improve the overall light in the final processed image. Fortunately, it's not all doom and gloom, as Pixel users now have access to the firm's anticipated Night Sight mode .

isis-killer-beheading-video-story-top Camp Fire death toll rises to 76, sheriff says
Nov 18, 2018 - 09:00
The roster probably includes some who fled the blaze and do not realize they've been reported missing, Sheriff Kory Honea said. More than 230,000 acres have burned in California in the past week - an area larger than Chicago and Boston combined.