Ghosn Scandal

Ghosn Video

Carlos Ghosn, who was officially ousted as Nissan chairman yesterday, has released a video message summing up what he wanted to say at a Thursday press conference, but couldn't because he was re-arrested on fresh financial misconduct charges. Key points: he's innocent; the accusations are all a conspiracy by Nissan execs who fear for the company's independence in the context of its alliance with Renault and Mitsubishi; and he loves Nissan very much. Japan Times
 
Ghosn Bail

Former Nissan boss Carlos Ghosn has been granted bail again and could be out of jail as early as today, assuming prosecutors aren't successful this time in opposing his release. Ghosn was indicted at the start of the week on a fresh misappropriation-of-funds charge, having been rearrested earlier while on bail. Japan Times
 
Ghosn Evidence

The evidence in the Japanese case against former Nissan chief Carlos Ghosn came from a laptop in Lebanon that had been used by one of his aides. The Financial Times' sources said the laptop showed how Nissan cash was diverted to Ghosn family companies. Ghosn denies all the financial misconduct charges against him, which also include accusations of misrepresenting his compensation. FT
 
An Unhappy Marriage

Crisis after crisis is wearing on the 20-year relationship between Renault and Nissan, with tensions now bubbling to the surface. The end of Renault's merger plans with Fiat Chrysler was partly blamed on Nissan's reluctance, and the Renault board is now refusing to back the Japanese company's efforts to update its corporate governance. "Overall, it is a mess," said one analyst. Bloomberg
 
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