Nissan Decides To Kick Carlos Ghosn Off Its Board Of Directors

Lloyd Doyle
April 11, 2019

Chairman Carlos Ghosn said in a video message released Tuesday by his lawyers that he is innocent of all charges of financial misconduct facing him and has been the victim of a conspiratorial plot.

According to Reuters, the video was edited to remove specific accusations on legal grounds, but Ghosn's "sickening" contempt for the firm's current leadership remains transparent.

Meeting shareholders for the first time since Mr Ghosn's initial arrest in November, Nissan chief executive Hiroto Saikawa and Jean-Dominique Senard, chairman of its alliance partner Renault, said they needed to focus on collaboration and improving governance at Nissan, but offered few concrete details about the way forward.

"This is a conspiracy. this is not about greed or dictatorship, this is about a plot, this about a conspiracy, this is about a backstabbing", Ghosn said in addressing the public for the first time since his initial arrest a year ago.

Renault owns 43 percent of Nissan.

While insisting that "France respects completely the sovereignty and independence of the Japanese judiciary" Le Drian said he also reminded Kono "of our attachment to the presumption of innocence and the full rights of consular protection".

"Aside from any criminal matters, Nissan's internal investigation has uncovered substantial evidence of blatantly unethical conduct".

On April 4, the Brazilian-born businessman who also has French and Lebanese nationality was re-arrested by Tokyo prosecutors over new allegations of aggravated breach of trust causing Nissan a loss of around 5 million USA dollars.

The ousted Chairman of Nissan says what's happening around him is a conspiracy. A statement released through his lawyers described his return to custody as, "another attempt by some individuals at Nissan to silence me by misleading the prosecutors".

He said his team will appeal to Japan's Supreme Court on Wednesday.

The case has rocked the global auto industry and also shone a harsh light on Japan's judicial system, which critics refer to as "hostage justice", as defendants who deny their charges are often not granted bail.

Prosecutors say the allegations that were the basis of his recent arrest are distinct from the others, while giving no details.

Ghosn's video begins with the suggestion that the clip was filmed in preparation for him being arrested: "If you are listening to me through this video today, it means that I was not able to make the press conference that I planned for April 11".

"The idea of his being all alone is really hard to accept", she said. "I know he is innocent, and I ask that he be given the presumption of innocence as are all French citizens".

Mr. Hironaka has previously criticized the move by prosecutors to confiscate Mr. Ghosn's belongings, including his mobile phone and trial documents, along with the mobile phones and Lebanese passport of his wife, who was present when prosecutors entered their home early in the morning last Thursday.

Other reports by Iphone Fresh

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