Misuse Of Company Funds For Personal Homes, Nepotism By Carlos Ghosn May Put Nissan-Renault-Mitsubishi Alliance At Stake

Ousted Nissan Motor Co. chairman Carlos Ghosn reportedly used the Japanese automaker's money to buy personal homes in Rio de Janeiro and Beirut and to pay his sister for consulting jobs she did not perform.

Nissan voted Thursday to remove Ghosn from his chairman post, which he had held since June 2001. Ghosn was arrested Monday in Tokyo on suspicion of falsifying financial reports and other corporate misconduct.

Nissan's internal investigation charged Ghosn with under-reporting his income over many years and for using company capital and expenses for personal use...

MDarringer - 11/24/2018 11:22:57 AM

-1 Boost

That will be a good thing for Nissan which is the engine of the company not the French merde or Mitsuturd.

F1_Driver - 11/24/2018 2:44:04 PM

+1 Boost

Nissan's quality before the acquisition by Renault were so much than today's quality.

skytop - 11/24/2018 11:59:05 AM

+2 Boost

Nissan caught wind of Ghosn's illicit purchases when he signed for all the stolen funds by using the name "Joe Izuzu."

PUGPROUD - 11/24/2018 4:09:25 PM

+1 Boost

The guy makes well over $50 million since 2010 and he pilfers corporate funds to finance personal homes in Brazil and Lebanon...come on man!

Agent00R - 11/24/2018 5:18:08 PM

+1 Boost

AND, he already had access to six homes provided by Nissan.

When is enough...enough?

CANADIANCOMMENTS - 11/25/2018 3:10:47 PM

+1 Boost

$50M in 8 years is chump change. He should have been in software. Top CEO's make $50M+ in a single year.

Holydude - 11/25/2018 1:12:34 AM

+1 Boost

Greed is Good.. until you get caught, then you're just plain stupid.

Ghosn is now ghosted.

mre30 - 11/25/2018 10:01:02 AM

0 Boost

If guilty, the guy needs to goto jail and pay restitution (the money he may have stolen was bailout money funded by taxpayers in the respective countries).

OneOfOne - 11/25/2018 2:52:17 PM

+2 Boost

another corrupt european business weasel. they should jail him and make him repay the money.

Holydude - 11/26/2018 10:51:44 AM

+2 Boost

Yea.. they should come to the US where they can run and become president.