Tuesday , August 3 2021

9:13 – Nissan scandal threatens to spread, Ghosn still detained

Japanese Justice according to media reports decided to extend the detention of Carlos Ghosn, the all-powerful boss of the world number one automaker Renault-Nissan-Mitsubishi, while the scandal threat exceeds the waste before the & # 39; appeared to him individually, to challenge all in Nissan management.

Tokyo District Court on Wednesday decided to extend to 10 days the detention of Carlos Ghosn, to continue the ongoing research of embezzlement suspicions, according to the major Japanese media.

Compactors by AFP, the court and the prosecutor's office said they did not comment on this type of solution in a particular case.

Director General of the alliance Renault-Nissan, Mitsubishi Motors was arrested on Monday in Tokyo. The prosecution alleges that the Franco-Lebanese Brazilian to have "conspired to reduce his salary by five times in the period from June 2011 to June 2015", showing a total of 4.9 billion yen (about 37 million euros) instead of almost 10 billion yen.

One of his employees, Greg Kelly, arrested at the same time, and did not see his lengthy holding period of 10 days, until November 30, according to media reports.

Earlier in the day, the press reported that the current executive director of Nissan, Saikawa, confirmed the case to the media on Monday evening, and the former number two Toshiyuki Suga Nissan also be heard by investigators.

Nissan group may also be held responsible as a corporation.

The prosecution believes, according to the press, if there is a fault, the responsibility also lies with the company: it is really she gave false financial reports to the authorities, in which Mr. Ghosn hiding an important part of its revenue.

People are materially involved in the falsification can be attributed to them in the case of offers lightweight collaboration with justice, in accordance with the recently adopted law, which is currently used in both cases.

– the Bolloré at the helm –

The French side, the Renault Board of Directors appointed Tuesday night two companies number, the Bolloré Thierry, temporary Carlos Ghosn, who is currently CEO.

The Bolloré, 55, Mr. Ghosn has chosen the right hand in February, has been given a "temporary" Executive Management Group and therefore have "the same authority," the CEO "temporarily suspended"

The key question for the French manufacturer with & # 39 is "to preserve the interests of Renault and ensuring the stability of the covenant" with Japanese automakers Nissan and Mitsubishi Motors.

Nissan board must rule on Thursday on his dismissal proposal of its chairman. And Mitsubishi Motors (MMC) plans to "remove quickly": Council, which will take place next week, according to a company representative

Tuesday evening, of Renault's board of directors asked for Nissan "to convey all the information at their disposal in internal investigations context that Mr. Ghosn was" speaking, not to be "in a position to decide on the issues will have Nissan and Japanese judicial authorities in respect of Ms. Hong. "

– The delicate balance –

For the fate of employees, Mr. Hong, all the alliance Renault-Nissan, Mitsubishi Motors, which he organized a delicate balance kachek result of thunder.

It is a question as general manager of 10.6 million vehicles operated in accordance with the Financial Times, as a result of the merger between Renault and Nissan, the operation that the Japanese automaker has dropped and tried to block the fear that this sura & # 39; ozna his rock status " second class "in the structure in accordance with the daily.

Ghosn wanted to make "irreversible" bond between Renault and Nissan, indicated in a note Kentaro Harada, an analyst at SMBC Nikko Securities.

"We can not exclude the possibility that the alliance finds itself weakened." "That he would change the balance of power (between French and Japanese parts), is the main question," he says.

Rating agency Standard and Poor & # 39; s also announced on Tuesday that it is considering lowering of long-term debt rating of Nissan, in particular, because of doubts about the

this marriage three.

In an effort to reassure the French and the Japanese government confirmed Tuesday in a joint statement their "strong support" for alliance.Les shares of three companies fell after a & # 39; make known about the arrest, but the action Nissan rebounded slightly Wednesday.

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