Arrested the head of Nissan Motor, Carlos Ghosn

In connection with the investigation of the understatement of income arrested the Chairman of the Board of Directors Nissan Motor Co. Carlos Ghosn and CEO Greg Kelly. This was reported by said CEO of Nissan, Hiroto Saikawa.

He confirmed that the question of their dismissal will be decided by the Board of Directors on Thursday. According to Saikawa, the company is cooperating with the investigation and plans to introduce new independent Directors to the Board of Directors.

CEO of the Renault-Nissan Alliance Carlos Ghosn is suspected of concealing their remuneration in documents sent to regulators. In this he was helped by Greg Kelly, who served mostly as an adviser to the Rut. According to the channel NHK, we are talking about hiding about 5 billion yen ($44 million). Also, the report says Nissan about the misuse of company funds.Significant amounts of the remuneration of the Gon for many years is satisfactory. The most controversy was in France, where as Director of Renault, he was paid about $9 million a year. Shareholders of Renault in the past been reluctant to approve such payments.

19 Nov Renault shares fell 10% in trading in Paris until at least 2014. Nissan shares in Tokyo ended before it became known about the possible arrest and firing of the gun, in Frankfurt they lost 10%.

Recall that in March it was stated that the French Renault SA and Japanese Nissan Motor Co. are in talks about merging and creating a new automaker, which will be traded with a single action.

The current strategic Alliance companies will be converted into one Corporation. Currently, Renault owns 43% stake in the Japanese company, and Nissan owns a 15% stake in the French automaker.

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