Japanese auto producer Nissan's chairman will no longer use Carlos Ghosn as president. Ghosn's financial crimes are suspected.
The board's decision to resign from Ghosn, unanimously, announced the car company on Thursday.
Nissan launched a 64-year internal investigation after receiving a tip and cooperating with the prosecution. In addition, another board member, Greg Kelly, is suspicious. Both will retain board members until the company's general assembly elects a new board.
Ghosn was jailed for ten days while the investigation was under way.
The company is suspected of reporting its revenues to the Japanese authorities in the company's financial reports. According to the prosecutor's office, the offense is up to 760,000 kroner and up to 10 years in prison. The company itself can also be held responsible, "said General Shin Kukimoto, Prosecutor General.
The 64-year-old is also the CEO of the French automaker Renault. However, the company's board made a temporary change for him on Tuesday.
Ghosn is a very important figure in the international automotive industry, but also in the French business world. Both Renault and Nissan have been behind major conversions and have been an important figure in the comprehensive industrial collaboration between Renault, Nissan and Mitsubishi. The Alliance has a total of 450,000 employees worldwide and sold 10.6 million cars last year.
On Thursday, Bruno Le Maire, Minister of Finance and Industry of France, will meet with Japanese industry and industry minister Hiroshige Seko to discuss the situation.
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