Nissan Carlos Ghosn who arrested was arrested

Carlos Ghosn will be removed from his post.
20.11.2018
Kommersant
Origin source
The head of the Renault-Nissan-Mitsubishi alliance, Carlos Ghosn, who served as chairman of the board of directors of AvtoVAZ in 2013–2016, was arrested in Tokyo on charges of providing false information to the Tokyo Stock Exchange. As shown by an internal audit of Nissan, an extremely popular top manager in Japan, who was considered the savior of all three automakers, for years he underestimated his salary in corporate reporting. In the near future he should be dismissed from the company.

In the global automotive industry, a scandal unfolded - one of the most famous top managers in the industry was under arrest.

“Killer costs” and “Mr. All Ulazhu” - so nicknamed Carlos Gona for efficiency, with which he raised from the ruins of one car concern after another, returning them to prosperity.

So it was with Renault in the late 1990s, so it was with Nissan at the beginning of the zero. In October 2016, he took under his wing and Mitsubishi, suffering financial and reputational losses after a scandal around the manipulation of engine data. And two years later, the company forgot about the crisis, setting a record of its own profits for the 2017 fiscal year.

Thanks to him, the Renault-Nissan-Mitsubishi alliance finally emerged, which, according to the total number of cars sold, is among the top three world leaders and through the Alliance Rostec Auto B.V. owns Russia's largest AvtoVAZ. Carlos Ghosn is well known in the Russian automotive industry, he headed the board of directors of AvtoVAZ from 2013 to 2016.

But perhaps this list of achievements of Mr. Gon will end. Today, the legend of the automotive industry was arrested in Tokyo. In the coming days, Nissan should announce the removal of Mr. Gong from his positions in the company. Until today, Carlos Ghosn served as chairman of the board of directors at once in the three companies that are members of the alliance. Whether he will save the remaining posts is still unknown.

As it became known from the message of the Japanese automaker, the company conducted an internal audit for several months against Carlos Gona and Greg Kelly, director for customer relations. The basis for the test was the report of the concern informant. As a result, it turned out that for years Mr. Gon had submitted deliberately false data to the Tokyo Stock Exchange about his salary, significantly understating it in order to evade taxes.

In total, real incomes diverged from € 38.9 million declared.

In addition, during the audit, the company found that Mr. Gon was using Nissan’s corporate assets for personal use, and Mr. Kelly was involved in these offenses.

Immediately after the news of the detention of Carlos Gon and the publication of the Nissan statement, Renault Group shares fell by almost 14%. Renault long kept silent about the scandal and ended up with a promise to convene a meeting of the board of directors soon to discuss the situation. But French President Emmanuel Macron, refusing to discuss the case against Carlos Gona, during a press conference in Brussels, stressed that "the state as a shareholder of Renault is extremely interested in the stability of the alliance and the company."

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