Mar 27, 2019

Nissan boss was too powerful report finds

Too much authority was given to former Nissan chairman Carlos Ghosn, an external panel of experts has found. The report acknowledges that the panel did not interview Mr Ghosn. Strict bail conditions for Mr Ghosn, including video surveillance and restricted use of his mobile phone, were set for his release. If found guilty of the financial misconduct charges, Mr Ghosn faces up to 10 years in prison as well as a fine of up to 700m yen, according to Japanese regulators. Mr Ghosn was the architect of the alliance between Nissan and French carmaker Renault, and brought Mitsubishi on board in 2016.

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