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Nissan: Carlos Ghosn arrested in Tokyo for tax fraud
Carlos Ghosn, chairman and CEO of Renault

The Japanese manufacturer claims that his emblematic boss Carlos Gohsn has concealed part of his income from the Japanese tax authorities. The CEO of Nissan proposed Thursday his sidelining in the board of directors. On its side, Renault Board of Directors announces that ” a meeting will be organised soon”.

Nissan will meet on Thursday its board to vote the departure of Carlos Ghosn. The Japanese manufacturer claims that the emblematic boss concealed part of his income from the Japanese tax authorities. Nissan CEO Hiroto Saikawa denounced “unacceptable and serious financial practices” and confirmed the arrest of Carlos Ghosn in Tokyo, announced by the Japanese public television channel NHK. According to the Japanese news agency Jiji, the president of Nissan has undervalued its five billion yen (38.9 million euros) compensation, which amounted to nearly 10 billion. According to the Kyodo News Agency, this practice began in 2011 and lasted more than five years. Carlos Ghosn is currently heard on this subject by Japanese justice. Monday morning, the daily Asahi Shimbun had revealed this hearing.

Endangered Alliance

Nissan: Carlos Ghosn arrested in Tokyo for tax fraud
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In France, the Elysee has confirmed that a “procedure is pending” in Japan, and President Emmanuel Macron said it was “too early to decide the facts” and that “the state will be extremely vigilant about the stability of the alliance and the Renault group “. “The first concern is to preserve Renault and the Alliance” with Nissan has also emphasized the Minister of Economy, Bruno Le Maire, while the union CFE-CGC Renault group said “worried” for the future of the automaker and asked Monday to the general direction of the company to “ensure there is no break in the chain of management.” Recalling “the commitment of the State to Renault”, Bruno Le Maire also stressed that “the stability of Renault’s governance” was “a priority for France”.

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