Carlos Ghosn: Nissan says it should nonetheless pursue authorized motion in opposition to former government

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In its first public assertion since Ghosn fled Tokyo final week, Nissan stated it nonetheless plans to carry the previous chief government accountable for “serious misconduct,” together with allegations that he under-reported his earnings and used firm belongings for private profit.

“The company will continue to take appropriate legal action to hold Ghosn accountable for the harm that his misconduct has caused to Nissan,” the assertion stated.

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Carlos Ghosn is now free to speak out. Japan's reputation could suffer
Ghosn was arrested in Tokyo in late 2018 on suspicion of economic misconduct, resulting in his ouster from atop Nissan (NSANF) and its automotive alliance with Renault (RNLSY) and Mitsubishi Motors. Ghosn has repeatedly denied the costs, claiming that his arrest was a part of a plot to take away him from the empire he constructed.
He was below strict bail situations in Tokyo when he made an audacious escape to Lebanon final week. He’s already utilizing his newfound freedom to rail on Japan’s prison court docket system, which boasts an extremely excessive conviction price, and which he claims had held him “hostage.” He has promised to speak “freely” with journalists about his plight.

Nissan known as Ghosn’s escape “an act that defies Japan’s judicial system.”

The corporate stated penalties of the previous auto government’s misconduct “have been significant,” mentioning that he was probed by the USA, and including that investigations in France are ongoing.

In September, Ghosn agreed to pay $1 million to the US Securities and Change Fee to settle allegations that he hid compensation acquired from Nissan. The SEC’s lawsuit was a civil matter, not like the prison expenses he faces in Japan. He didn’t admit to any wrongdoing as a part of the settlement.

Nissan stated it should proceed to cooperate with judicial and regulatory authorities wherever vital.

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— CNN’s Yoko Wakatsuki contributed to this story.

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