Nissan Chairman, Arrested In Japan For corruption And Misconduct

Nissan chairman Carlos Ghosn has been arrested over claims of financial misconduct and alleged corruption.Ghosn will be sacked from the Japanese firm after a board meeting as he has been accused of “significant acts of misconduct”, including under-reporting his pay package and personal use of company assets.

Japanese prosecutors have yet to comment on Mr Ghosn’s arrest. Nissan is the world’s sixth-largest carmaker and its site in Sunderland is the UK’s biggest car plant.

“I feel despair, indignation and resentment. As the details are disclosed I believe that people will feel the same way as I feel today,” said Nissan chief executive Hiroto Saikawa at a news conference.

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