Wednesday , June 16 2021

The dismissal of Carlos Gosn in balance with the board of directors of Nissan

The maintenance of Carlos Gon as President of Nissan is at the center of a meeting of the board of directors of the Japanese automobile giant, who will vote on his dismissal after his arrest for financial abuses.

In the meantime, Mitsubishi Motors (MMC) plans to "quickly fire": a tip should be held next week, according to a company spokesman.

The almighty chief of the world's largest car company, Renault-Nissan-Mitsubishi, is in jail in Japan, suspected of being cut by almost half of the country's wages.

His arrest on Monday caused a thunder in the global automotive industry.

If Nissan's board rejected it on Thursday afternoon (local time), it would be a spectacular decline for this multimillionaire at the age of 64, until it is respected that it was upgraded by Nissan and saved Mitsubishi.

On Wednesday, the Tokyo court decided to extend the detention for 10 days in order to resume ongoing investigations into suspected financial abuses, according to reports by the Japanese media.

Accompanied by the AFP, the court and the prosecutor's office stated that they had not commented on this kind of decision on a particular case.

As a consequence of Mr Gon's arrest in Tokyo, a new temporary directorate was set up in Renault, and the French government was trying to make sure of the future of the diamond producer, whose government has 15%.

Economy Minister Bruno Le Maire, in this way, told reporters in Paris that Renault had "firm", but "temporary" management, to allow the group to continue its activities.

After reiterating his commitment to the alliance Renault-Nissan-Mitsubishi, Le Maire said he would meet with his Japanese counterpart Hiroshige Sék on Thursday afternoon to discuss the association and its "expansion".

The key issue remains to "safeguard Renault's interests and ensure the sustainability of the alliance," he noted.

Interim measures

The Japanese public prosecutor accused Franco-Lebanese-Brazil of having "a conspiracy to minimize his compensation five times between June 2011 and June 2015," declaring a total of 4.9 billion yen (about 37 million euros) instead of nearly 10 billions of yen.

French side "we do not have, at the moment I speak, there is no evidence to justify the charges currently being weighed against Mr. Carlos Gosn," Le Mayor said.

The Renault Board of Directors also asked Nissan to "send all the information it possesses as part of the internal investigations that Mr Ghosn was subject to."

Believing that he would not be able to decide on the merits of the case, the board of the French manufacturer took measures Tuesday night to secure Carlos Gosn, who currently remains his executive venue.

Company number two, Thierry Bolloré, received the "temporary" executive direction of the group and now has "same powers" as CEO.

The three main unions of the Renault group reacted on Wednesday to these decisions, the CFE-CGC "approves" the device, which CGT "notes", while the CFDT said "confident".

The research is expanding

The case comes at a time when Carlos Gosnn worked, according to the Financial Times, on a merger between Renault and Nissan, an operation that the Japanese manufacturer has rejected and tried to block from fearing it would make the marble status of the "second goal" in the structure, however British newspaper.

It raises many questions about the future of the Alliance, because it seemed to be based on Mr. Gosn's key character.

But the scandal threatens to overcome irregularities blamed for the CEO of all of the 10.6 million vehicles, in order to undermine the whole Nissan administration.

Earlier in the day, the Japanese press reported that the current chief of Nissan, Hirotu Saikawa, and his former number two, Toshiuki Suga, also had to be questioned by investigators.

The Nissan Group may also be subject to legal proceedings as a legal entity.

The prosecution believes that, if there is a mistake, the responsibility lies with the company: indeed, it has handed over to the authorities inaccurate financial documents in which Mr Gosn concealed a significant part of his income.

Bur-CAF / dd / cj

Nissan engine



21/11/2018 23:12:09 –
Tokyo, November 21, 2018 (MIA) –
© 2018 AFP

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