Posts Tagged Japan

Carlos Ghosn Is Out of Jail. What Happens Next? – The New York Times

“Carlos Ghosn, the man who created what was effectively the world’s largest carmaker, has been released on bail after spending more than three months in jail.

Mr. Ghosn once oversaw the alliance of Nissan, Renault and Mitsubishi and was the consummate high-flying executive. On Wednesday, he walked out of a Japanese detention center disguised as a construction worker to prepare for a trial on charges of financial misconduct. Under the terms of his bail — set at 1 billion yen, or almost $9 million — he cannot leave Japan.

Here is what has happened since his arrest and what he faces now.

Mr. Ghosn has been accused of underreporting his compensation and shifting more than $16 million of personal losses to Nissan. He was in jail, questioned by prosecutors, for 108 days.”

Source: Carlos Ghosn Is Out of Jail. What Happens Next? – The New York Times

 

 

Posted in: Business and Finance, Japan

Leave a Comment (0) →