Ghosn was arrested on November 19 and is facing multiple allegations of financial misconduct including underreporting his income and transferring more than $16 million in personal investment losses to Nissan." and he has maintained that he was"wrongly accused and unfairly detained.
Ghosn was once a prolific figure in the automotive industry, and is admired for helping save Nissan from the brink of bankruptcy in the late 1990s, which included a strategic partnership with the French automaker Renault in 1999. Mitsubishi joined the group in 2016, and two years later, the Renault-Nissan-Mitsubishi alliance under Ghosn's leadership became the world's largest automaker by sales.
Both Nissan and Mitsubishi booted Ghosn after the financial misconduct allegations came down. Nissan CEO and president Hiroto Saikawa publicly rebuked Ghosn. Fellow Nissan executive and close aide Greg Kelly was arrested alongside Ghosn and was granted bail in December. Kelly has also denied the allegations, but is
‘disgraced’ ... they are yet to prove anything
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