ssan could be headed for another blow after Chairman Carlos Ghosn was arrested, Monday. Japanese prosecutors and now reportedly weighing a case against Nissan itself. That's according to Japanese Daily, Asahi Shimbun on Wednesday. Carlos Ghosn is one of the global car industries best known leaders. But internal investigations carried out by Nissan found he had allegedly engaged in years of wrong doing.
That includes personal use of company money and under reporting earnings. Prosecutors say Ghosn and representative director, Grey Kelly conspired to understate Ghosn's compensation over five-year period. Stating it was about half of the actual $88 million. The Asahi paper quoted unnamed sources as saying that misstating of that amount means Nissan also carries responsibility.
And prosecutors are now lining a case against the Japanese firm. The prosecutors weren't immediately available for comment, and Nissan declined to comment on the report. Japan's top government spokesman called for stability among Nissan's alliance with Mitsubishi and France's Renault on Wednesday. By early Wednesday, Ghosn still remained chairman of all three and CEO of the french units.
But Renault has already named its interim stand ins and Nissan has said it plans to remove him on Thursday. Ghon has not yet spoken out on the allegations against him.>> There is a high level.