Carlos Ghosn loses his job at Mitsubishi

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Mitsubishi Carlos Ghosn was dismissed from his administrative duties following his arrest in Japan for financial misconduct.

Nissan took the same step last week in the midst of allegations that it allegedly provided inaccurate data on his salary and used the company's money for personal gain.

Ghosn, who led the economic alliance between Nissan, Mitsubishi and Renault, denied the charges, according to Japanese media reports.

Ghosn remains in detention and has not spoken publicly about the case.

Mitsubishi said Mr Ghosn "had lost Nissan's trust" and that "it is difficult to assume his duties" at Mitsubishi.

Nissan holds 34% of Mitsubishi's shares.

The 64-year-old Brazilian was the brain behind the alliance between Renault and Nissan, to which Mitsubishi joined in 2016.

He is credited with restoring Mitsubishi's stability after it was shaken by a scandal of handling fuel consumption.

Osamu Mazuku, chief executive of Mitsubishi, told reporters after a management meeting that the fate of Mr Ghosn was mentioned. "The economic alliance has lasted two years, we have achieved results and some negative aspects should be slightly modified."

Deny

The Japanese Broadcasting Corporation (NHK), which was the first to announce the news of the arrest of Ghosn, reported that businessmen had denied the charges against him.

Greg Kelly, a former Nissan manager, an inmate at Ghosn, defended payments to his boss, claiming that they came after discussions with company officials and that he had them obtained legally.

Prosecutors said the two men had planned to halve about the 10 billion yen ($ 68 million) premium paid to Nissan by Ghaseen in the last five years of 2010.

There are also allegations that Ghosn used the company's money to buy private property. Until now, he has not been formally charged.

Nissan's board unanimously decided on Thursday to exempt Ghosn from his position as president.

It was reported that Nissan had formed a "secret" team earlier this year to discuss allegations of financial misconduct for Ghosn, considered a hero in Japan, after turning the company's path into a loss. of profits.

"No conspiracy"

Doubts about the timing of the fall of Ghosn came to worry about the fate of the partnership between Renault and Nissan.

It is believed that he planned to forge closer relations between the two companies. In April, some officials feared their company would become a smaller partner.

In a meeting with dozens of employees today, Nissan chief executive Hirotto Shikawa said he was "shocked" by the charges against Ghosn.

The director pointed out that the problem should not affect the daily activities of the company.

According to the Agence France Presse, Shikawa told the staff that the Ghosn authorities were too focused.

French Economy Minister Bruno Lemerre said Mr Ghosn would remain Renault's director until the charges against him were confirmed.

The minister asked Nissan to quickly reveal any evidence of the charges against him.

But the French minister confirmed that he did not believe in "conspiracy theories", while there was talk of a "coup d'etat" aimed at imposing more control over Nissan .

Renault, Nissan and Mitsubishi share shares, so it will be difficult to separate them.

Renault has been appointed interim director to become Ghosn.

Officials of the three companies plan to hold a meeting this week, the first since Ghosn's arrest.