Nissan sacks Carlos Ghosn over cash scandal


Carlos Ghosn has been ousted after 19 years at the helm of Nissan, following allegations of financial misconduct, Japanese media are reporting.

He has been accused by Nissan of under-reporting his salary and using company assets for personal use.

But some see it as part of the firm’s attempt to re-balance power in its alliance with Renault and Mitsubishi, which Mr Ghosn also chairs.

The 64-year-old was the architect of the tie-up between the three firms.

The board also voted to remove senior executive Greg Kelly, the Nikkei newspaper reported.

Nissan’s board meeting, ended late on Thursday, without a formal announcement.

Mr Ghosn and Mr Kelly remain in custody in Tokyo.