Post by momena on Mar 13, 2024 3:36:32 GMT
Carlos Ghosn's arrest occurred in November last year due to financial irregularities.
He was accused of committing a violation of financial legislation for not having reported his salary correctly, understating his income for five years, since 2011, by about 10 billion yen, about 77 million euros.
As if this were not enough, an France Mobile Number List affiliate of Nissan Motors spent 18.8 million dollars (15.5 million euros) on homes for him.
The transactions would have been carried out through a Dutch subsidiary established in 2010 entirely by the Japanese manufacturer apparently for investment purposes, which would have acquired homes in Rio de Janeiro (Brazil) and Beirut, according to sources close to the case reported to the Japanese economic newspaper Nikkei. .
Carlos Ghosn resigns as president of Renault
Carlos Ghosn resigns as president of Renault
Today, Carlos Ghosn resigned as president of Renault, this resignation occurred a few hours before the board of directors of the French group met at its headquarters on the outskirts of Paris to dismiss him and decide on the new management structure of the company. company.
It was Bruno Le Mair, the French Minister of Economy and Finance, who confirmed Ghosn's resignation as CEO of Renault, according to the economic newspaper Les Echos.
His resignation will save Renault the penalty of running him, after resisting removing him from office without solid evidence confirming his financial misconduct.
It is worth mentioning that Renault's board of directors is meeting in Paris to elect a new president and CEO.
It will be the Frenchman Jean-Dominique Senard, 66, number one of the tire manufacturer Michelin, who will be elected president, while Thierry Bolloré, 55, who has run the company since Ghosn's arrest, will be appointed general director, according to the French press.
Jean-Dominique Senard, “would be an excellent president of Renault,” said Bruno Le Maire.
“Now is the time to establish a new government because the most important thing today is to prepare the future of Renault and the alliance” with Nissan, Bruno Le Maire added in an interview with Bloomberg.
Carlos Ghosn resigns as president of Renault
It should be noted that the Tokyo prosecutor's office accused Ghosn of hiding million-dollar compensation agreed with Nissan and of violating the company's trust by using the manufacturer's funds to cover personal losses in the financial markets.
The renowned business leader has been subjected to lengthy interrogations without the presence of a lawyer, while being kept isolated from his family. He has been repeatedly denied bail on a growing list of charges, including failing to declare approximately $80 million in income and aggravated breach of trust for briefly transferring his own investment losses to Nissan in 2008 during the height of the global financial crisis.
Ghosn has protested his innocence, but only after a long public silence, which experts say is common among suspects in Japan who often face obstacles communicating with the outside world.
Jeff Kingston, director of Asian Studies at Temple University's Japan campus, says, "I think that hostage-type justice system hasn't been scrutinized."
Critics say their goal appears to be to psychologically wear him down to the point where he signs a confession.
For her part, the tycoon's wife, Carole, wrote a nine-page letter to the Human Rights Watch representation in Tokyo, criticizing the Japanese justice system as "draconian."
“No human being should be detained in conditions so harsh that their only plausible purpose is to force a confession,” he wrote.
"For hours each day, prosecutors interrogate, intimidate, lecture and berate him, outside the presence of his attorneys, in an effort to obtain a confession."
Those within the Japanese legal system indicate that Ghosn is being treated like any other suspect.
“I think all of these criticisms are based on misunderstandings,” said Shuji Yamaguchi, a partner at the Tokyo-based law firm Okabe & Yamaguchi. “Our system is quite modernized, however, there are some people who have a different opinion.”
He was accused of committing a violation of financial legislation for not having reported his salary correctly, understating his income for five years, since 2011, by about 10 billion yen, about 77 million euros.
As if this were not enough, an France Mobile Number List affiliate of Nissan Motors spent 18.8 million dollars (15.5 million euros) on homes for him.
The transactions would have been carried out through a Dutch subsidiary established in 2010 entirely by the Japanese manufacturer apparently for investment purposes, which would have acquired homes in Rio de Janeiro (Brazil) and Beirut, according to sources close to the case reported to the Japanese economic newspaper Nikkei. .
Carlos Ghosn resigns as president of Renault
Carlos Ghosn resigns as president of Renault
Today, Carlos Ghosn resigned as president of Renault, this resignation occurred a few hours before the board of directors of the French group met at its headquarters on the outskirts of Paris to dismiss him and decide on the new management structure of the company. company.
It was Bruno Le Mair, the French Minister of Economy and Finance, who confirmed Ghosn's resignation as CEO of Renault, according to the economic newspaper Les Echos.
His resignation will save Renault the penalty of running him, after resisting removing him from office without solid evidence confirming his financial misconduct.
It is worth mentioning that Renault's board of directors is meeting in Paris to elect a new president and CEO.
It will be the Frenchman Jean-Dominique Senard, 66, number one of the tire manufacturer Michelin, who will be elected president, while Thierry Bolloré, 55, who has run the company since Ghosn's arrest, will be appointed general director, according to the French press.
Jean-Dominique Senard, “would be an excellent president of Renault,” said Bruno Le Maire.
“Now is the time to establish a new government because the most important thing today is to prepare the future of Renault and the alliance” with Nissan, Bruno Le Maire added in an interview with Bloomberg.
Carlos Ghosn resigns as president of Renault
It should be noted that the Tokyo prosecutor's office accused Ghosn of hiding million-dollar compensation agreed with Nissan and of violating the company's trust by using the manufacturer's funds to cover personal losses in the financial markets.
The renowned business leader has been subjected to lengthy interrogations without the presence of a lawyer, while being kept isolated from his family. He has been repeatedly denied bail on a growing list of charges, including failing to declare approximately $80 million in income and aggravated breach of trust for briefly transferring his own investment losses to Nissan in 2008 during the height of the global financial crisis.
Ghosn has protested his innocence, but only after a long public silence, which experts say is common among suspects in Japan who often face obstacles communicating with the outside world.
Jeff Kingston, director of Asian Studies at Temple University's Japan campus, says, "I think that hostage-type justice system hasn't been scrutinized."
Critics say their goal appears to be to psychologically wear him down to the point where he signs a confession.
For her part, the tycoon's wife, Carole, wrote a nine-page letter to the Human Rights Watch representation in Tokyo, criticizing the Japanese justice system as "draconian."
“No human being should be detained in conditions so harsh that their only plausible purpose is to force a confession,” he wrote.
"For hours each day, prosecutors interrogate, intimidate, lecture and berate him, outside the presence of his attorneys, in an effort to obtain a confession."
Those within the Japanese legal system indicate that Ghosn is being treated like any other suspect.
“I think all of these criticisms are based on misunderstandings,” said Shuji Yamaguchi, a partner at the Tokyo-based law firm Okabe & Yamaguchi. “Our system is quite modernized, however, there are some people who have a different opinion.”