Mitsubishi removes Ghosn as chairman

The car company, one of three that Ghosn steered to a partnership, called the decision ‘agonizing’ but also ‘unavoidable.’ Will the partnership with Nissan and French automaker Renault survive?

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Another company—Mitsubishi—has removed Carlos Ghosn, the embattled executive currently in jail in Japan for alleged tax evasion.

The move comes after Nissan announced its own ouster and revealed it had been investigating Ghosn for weeks. Ghosn has not yet publicly addressed the accusations, but Greg Kelly, whom investigators peg as a co-conspirator, told public broadcaster NHK that the charges were inaccurate.

BBC reported:

Claims against [Ghosn], who led the Renault-Nissan alliance, include falsely reporting his earnings.

Public broadcaster NHK reported he had told investigators there was no intention to under-report his earnings.

He has not spoken publicly.

Greg Kelly, a former Nissan executive arrested along with Mr Ghosn, was quoted by NHK as defending his boss’s compensation, saying it was discussed with other officials and paid out appropriately.

Mitsubishi says the risk to its reputation is too great, however.

The New York Times reported:

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