Carlos Ghosn will no longer be chairing the board of the Japanese car manufacturer Nissan. Ghosn is suspected of financial crimes.
Ghosn unanimously announces a car dealership on Thursday, a board decision to resign.
Nissan has launched a 64-year-old internal investigation after receiving a notification and in co-operation with the prosecutor's office. Another member of the board, Greg Kelly, is also suspected of this issue. The aid will remain on the seats until the general meeting of the company elects a new board.
in the investigative prison
Ghosn was arrested for ten days in jail while his investigation was commenced.
He suspects that the Japanese authorities reported their income in the company's financial statements. The prosecutor believes that the offense has a penalty of 760 000 kroons and up to 10 years in prison. The company may also be responsible, "says Shin Kukimoto, Assistant Attorney General.
The 64-year-old is also the executive director of the French car manufacturer Renault, but the company's board chairman is a temporary replacement on Tuesday.
Ghosn is a very important factor in the international automotive industry, but also in French business. He has been following major changes for both Renault and Nissan, and has been a key figure in the extensive industrial cooperation between Renault, Nissan and Mitsubishi. The Alliance has 450,000 employees worldwide and sold 10.6 million cars last year.
On Thursday afternoon, French finance and industry minister Bruno Le Maire will meet with Japanese industry and industry minister Hiroshige Seko to discuss the situation.
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