The news is by your side.

Financial misconduct

Nissan’s chairman arrested in Japan for alleged financial misconduct

YOKOHAMA: Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a charismatic leader hailed for rescuing the Japanese carmaker from close to bankruptcy. Ghosn is also chairman and chief executive of Nissan’s French partner Renault and one of the best known figures in the global car industry, and his departure will raise questions about the future of the alliance. Nissan said that an internal investigation, triggered…