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COMING UP:Share Opener Variant 2

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Transcript

00:00:00
>> Arrested auto titan Carlos Ghosn faced new allegations from the companies he once ran on Friday. The CEO of Mitsubishi said Ghosn improperly received around $9 million in compensation coming from a joint venture with Nissan based in the Netherlands.>>
FOREIGN]
> The companies say they ran a joint investigation which found Ghosn was compensated without any discussion from two other board members, Nissan CEO Hiroto Saikawa and Mitsubishi's Osamu Masuko. They now say they're weighing whether to scrap the Dutch venture all together. Ghosn is already indicted in Japan on charges of under reporting his salary for eight years through March 2018, and for temporarily transferring his personal investment losses over to Nissan during the global financial crisis.
00:00:26
>>
00:00:57
He was arrested and detained two months ago. He's been in jail since and was denied bail. Friday's allegations will likely crank up pressure on a third carmaker, France's Renault to cut ties with Ghosn. Renault is the third piece of an alliance with Nissan and Mitsubishi that makes up one of the biggest automotive groups in the world.
00:01:17
Carlos Ghosn was Chairman and CEO of that alliance. But the Japanese firms have already dumped Ghosn as leader. The French government, Renault's largest shareholder has been urging that company to replace him.