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The Chairman of Nissan Is Expected to Be Arrested in Tokyo

17:10, Monday, 19 November, 2018
The Chairman of Nissan Is Expected to Be Arrested in Tokyo

Carlos Ghosn, the chairman of Nissan Motor Co., is set to be arrested in Tokyo over a suspected breach of Japanese financial trading law, the Asahi newspaper reported.

Ghosn is suspected of manipulating financial filings and the alleged violations are related to him under-reporting his own compensation, Asahi said, without saying where it got the information. Ghosn voluntarily went with Tokyo prosecutors, who are set to arrest him after questioning, the newspaper said.

A spokesman for Nissan said the company would hold a press conference later this evening Tokyo time. A representative for the Tokyo prosecutors said they don’t comment on individual cases.

Ghosn also heads Renault SA in France. A spokesman for Renault couldn’t be reached for immediate comment. Shares of the carmaker fell as much as 6.2 percent in Paris, while Nissan global depositary receipts sank more than 11 percent.

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