YOKOHAMA: An external committee reviewing governance at Nissan Motor Co said on Wednesday there were enough facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn.
The group issued 38 recommendations to bolster Nissan’s governance, including top executive positions at the Japanese carmaker should not be held by people serving in executive positions at Renault or junior partner Mitsubishi Motors Corp. “There are facts sufficient to suspect violations of laws and regulations, violation of internal rules and private use of company funds and expenses … by Mr. Ghosn,” the committee said in its report.
Ghosn, who this month was released on US$9 million bail after spending more than 100 days in a Tokyo detention centre, has called the charges against him “meritless”. Kelly has also denied the charges. The Financial Times reported on Wednesday that Renault intends to restart merger talks with Nissan within 12 months, after which it will set sight on a bid to buy Fiat Chrysler Automobiles.
At the time of his arrest in Tokyo in November on financial misconduct allegations, Ghosn held the chairmanship at Nissan, Renault and Mitsubishi Motors Corp, which together form one of the world’s biggest automakers selling roughly 10 million vehicles each year, while also serving as Renault CEO.
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