Nissan shareholders approve dismissal of Carlos Ghosn from board

Tokyo Prosecutors Ask Court to Question Wife of Ex-Nissan Chair Ghosn - Reports

The shareholders also gave a green light Monday to removing from the board a former executive director, Greg Kelly, who has been charged with collaborating with Ghosn in the alleged misconduct. Nissan Chief Executive Saikawa has apologized to shareholders for the unfolding scandal at the Japanese automaker and asked for their approval to oust from the board former Chairman Ghosn, who has been arrested on financial misconduct charges.

The extraordinary shareholders' meeting at a Tokyo hotel is the first such gathering since the stunning arrest of the 65-year-old auto sector titan on 19 November.

The former chairman was hit with a fourth arrest warrant on April 4 accusing him of causing Nissan more than 500 million yen in losses by diverting those funds to himself via a sales agency in Oman.

The company's shareholders held an extraordinary meeting in Tokyo where they also made a decision to oust Greg Kelly, another director who is also involved in the scandal.

"We have to admit that there was a significant problem with our corporate governance", Saikawa said in his speech.

He is already fighting charges of under-reporting his Nissan salary for almost a decade through 2018, and a charge of temporarily transferring personal financial losses to Nissan's books during the global financial crisis around 2008. Prosecutors can apply for an additional 10 days detention, after which they must indict or release him.

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Ghosn's wife Carole Ghosn has left Japan for France, where she plans to appeal to the French government to help her husband.

While prosecutors can interrogate Ghosn daily at Tokyo Detention Center, Ghosn's time to work on his defense with his lawyers will become limited. Prosecutors believe Ghosn moved Nissan funds totalling $15 million between late 2015 and the middle of 2018 and used $5 million of that for his own ends He had kept tight-lipped during his bail period and was subject to restrictions on his contacts with others connected with the case, and his online communications. The executive was due to speak at a news conference on April 11.

"It's obvious it's a plot", said Ghosn. "Of course, I have names".

Ghosn denies the allegations and says he is also innocent of the three formal charges he faces: two charges of deferring his salary and concealing that in official shareholders' documents, and a further charge related to investment losses.

Senard and the other executives face an uphill job, as they must restore shareholders' confidence in the company's ability to avoid embarrassing scandals like this in the future. He is credited with turning around the fortunes of Nissan and Renault over several years.

The announcement came after Ghosn was reportedly fired as the chairman of both Nissan and Mitsubishi Motors following his arrest in December, after which he stepped down as the chairman and CEO of French carmaker Renault.

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