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Carlos Ghosn termination News

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On December 31, the Tokyo District Court granted prosecutors` request to extend Ghosn`s detention by 10 days until January 11.
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Ghosn, accused of aggravated breach of trust, is facing allegations of making the car maker shoulder 1.85 billion yen ($16.8 million) in personal investment losses.
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The re-arrest means he could be detained for at least another 10 days in a Tokyo jail, where he has been confined since he was arrested last month on initial allegations of financial misconduct.
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Nissan said on Monday an internal investigation triggered by a tip-off from an informant had revealed that Ghosn engaged in wrongdoing including personal use of company money and under-reporting of his earnings for years.
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The Renault board will meet later in the day, a company spokesman confirmed, declining to elaborate on the agenda.
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CEO Hiroto Saikawa would propose to the Nissan board to remove Ghosn and Kelly.






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