Business Standard

Nissan and the media accuse Carlos Ghosn of these financial wrongdoings

The Nikkei last week reported that Nissan through a British Virgin Island unit of a Dutch venture fund subsidiary bought and renovated homes for Ghosn

Carlos Ghosn
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Carlos Ghosn

Reuters
Carlos Ghosn, the ousted chairman of Japan's Nissan Motor Co, is being held in Tokyo's main detention centre after allegations against him of financial misconduct. If prosecutors seek a maximum 10-day extension of Ghosn's detention, and the court approves, Japanese authorities will have to file charges by Dec. 10 or let him go.

The compensation packages for Ghosn, one of the most celebrated and well-paid leaders in the global auto industry, have been a sore point among investors of the Renault-Nissan alliance which he helped launch in 1999.
 
The scandal comes just five months after Ghosn, 64, narrowly won a shareholder

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