Carlos Ghosn's legacy reached it's downfall after Mitsubishi Motors removed him as chairman.

9 month ago

Nissan Chairman Carlos Ghosn has been removed from his position after he was arrested in Japan on suspicion of financial misconduct. The board of Mitsubishi voted unanimously to remove him as chairman on Monday, days after Nissan took the same approach.

Renault has so far taken a different approach, appointing an acting chief executive last week but keeping Ghosn in his positions of CEO and chairman.

Tokyo District Prosecutors arrested Ghosn at 4:30 pm on 19 November 2018 upon his re-entry into Japan, for questioning over allegations of false accounting.

an internal investigation at Nissan that revealed "significant acts of misconduct" over many years, including understating his income in financial reports and misusing company assets.

Ghosn has not yet commented publicly on the allegations.

while Nissan, Renault, and Mitsubishi, are trying to persuade investors that the future of the alliance is not in doubt. Top alliance executives are reportedly due to meet in Amsterdam this week to discuss their joint operations.