Former Nissan CEO Ghosn Was Set Up By Company Executives: Bloomberg
Former executives of Nissan Motor Co. Ltd. (OTC: NSANY) were planning to oust Chairman Carlos Ghosn almost a year before his 2018 arrest, Bloomberg reported on Friday, based on internal emails and conversations with related parties.
Scroll to continue with the content
Bloomberg said Nissan's executives launched a "methodological campaign" against Ghosn after pledging to make the Nissan-Renault SA merger (OTC: RNSDF) "irreversible" in February 2018.
Former Nissan senior vice president, who acted as whistleblower against Ghosn in mid-2018, told Hitoshi Kawaguchi, a senior manager of the company who managed government relations, that Nissan "must neutralize [Ghosns] initiatives before it is too late." "Bloomberg reported.
At about the same time, Nada told the then CEO, Hiroto Saikawa, that the Nissan-Renault merger was "of no value" and that Ghosn "could cause a major disturbance and you may become a victim of it".
Why is it important?
Ghosn fled from Japan to Lebanon at the end of last year.
The former Nissan manager claimed he was innocent and claimed that he was framed because other executives had refused to join Nissan with its affiliates Renault and Mitsubishi Corp (OTC: MSBHY).
Ghosn was arrested in Japan in November 2018 for years of financial misconduct, misuse of the company's assets, and insufficient reporting of his salary to the authorities.
Nissan also filed a lawsuit against the executive in February, demanding $ 90 million in damages for breach of trust and misuse of company assets.
Nissan price promotion
Nissan stock closed 3.9% higher on Friday at $ 7.93 in the otc market. Renault shares closed the day on the otc market, down 3.2% at $ 25.44.
See more from Benzinga
Thanks to Model 3, Tesla leads the sale of electric cars in South Korea
© 2020 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.
You should check here to buy the best price guaranteed products.
Britney Spears posts about 'standing up for yourself' in new Instagram quote: 'We ride at dawn'
Team USA's Isaiah Jewett helps fallen competitor across Olympic finish line
Jessica Alba on her relationship with husband Cash Warren: 'You become roommates'
German warship heads for South China Sea amid tension with Beijing
‘Jungle Cruise’ Beats Box-Office Expectations as ‘Old’ Plummets. How Is This PVOD’s Fault?
Shawn Johnson East Reveals The Name Of Her Baby Boy & The Special Meaning Behind It