Nissan executives dug up evidence of potential financial misbehavior on the part of Carlos Ghosn to prevent a merger with the French automaker Renault, which Ghosn had pushed for, the Wall Street Journal reported Thursday.
Nissan executives took steps to have former Chairman Carlos Ghosn jailed in the hopes the arrest would stall or kill any attempts to merge the Japanese automaker with its French counterpart Renault, reported the Wall Street Journal Thursday, citing unnamed people familiar with the matter.
div > div.group > p:first-child"> Nissan CEO Hiroto Saikawa, who had in the past been close with Ghosn, said at a Jan. 31 meeting that he believed Nissan executives had gone digging for evidence and presented their findings to Japanese authorities with the purpose of removing Ghosn from power, the paper reported. Ghosn had reportedly been trying to merge the two automakers, who had formed an alliance in 1999.
Theories that Nissan executives might have had a role in Ghosn's arrest have abounded in the automotive world. Ghosn had become something of a national hero in Japan for his role in helping to turn around Nissan, but many who follow the industry say the Japanese would have balked at the idea of a foreign automaker such as Renault owning such an important company in Japan.
Ghosn spent more than 100 days in jail in Japan for an array of alleged financial misdeeds before he was released on bail. He has been stripped of his roles at the Renault-Nissan-Mitsubishi alliance, which he had formerly chaired. If found guilty he could face up to 15 years in prison. He has denied the accusations.
Nissan was not immediately available for comment to CNBC, but company spokesman Nicholas Maxfield told the Wall Street Journal the motives of company executives is not relevant, and that the company found"substantial evidence of blatantly unethical conduct. The sole cause of this chain of events is the misconduct led by Ghosn."
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Renault reportedly wants to merge with Nissan and buy Fiat ChryslerNew auto giant would look to compete with Volkswagen, Toyota.
और पढो »
Renault reportedly plans to restart Nissan merger talks in bid to buyout Fiat-ChryslerOne of the world's largest car-making pacts could become even larger. Renault is reportedly planning to merge with Nissan, then buy Fiat-Chrysler.
और पढो »
Renault aims to restart Nissan merger talks within 12 months: FTFrance's Renault SA intends to restart merger talks with Japan's Nissa...
और पढो »
Nissan reportedly paid to send Carlos Ghosn's four children to Stanford UniversityThe perk was part of Ghosn's original employment contract when he signed on as chief executive officer in 1999, Bloomberg said, citing anonymous people familiar with the matter.
और पढो »
Nissan panel to propose bigger role for external directors in Ghosn scandal's wakeA committee tasked with revamping corporate governance at Nissan Motor Co is exp...
और पढो »
Nissan committee says facts point to legal violations by former chairman GhosnAn external committee tasked with recommending ways to improve governance at Nis...
और पढो »
Nissan panel says facts point to legal violations by ousted chairman GhosnAn external committee reviewing governance at Nissan Motor Co said on Wednesday ...
और पढो »
Nissan’s Plot Against Ghosn Was Driven by Fear of French TakeoverWhy the Japanese company turned so suddenly against Mr. Ghosn, the globe-trotting architect of the Renault-Nissan alliance, has been a matter for debate. According to documents and people familiar with the matter, the Nissan executives who pushed for his ouster were motivated by their desire to protect the company from being subsumed by its French counterpart.
और पढो »
Nissan’s Corporate Governance Needs to Be Overhauled, Committee SaysNissan needs to overhaul its governance structure, a special committee of advisers hired by the car maker said, citing a lack of oversight of former Chairman Carlos Ghosn as the cause of the scandal plaguing the company.
और पढो »
Fiat Chrysler shares climb on talk of a merger analysts think is 'half-baked'A report Wednesday said Renault would consider merging with Fiat Chrysler, but Renault's current troubles with Nissan are a major stumbling block.
और पढो »