Nissan considering claiming damages against Ghosn, CEO says

TOKYO: Nissan Motor Co is considering claiming damages against ousted boss Carlos Ghosn over alleged financial misconduct, the automaker's chief executive told shareholders on Monday, adding the scandal would not be fixed overnight.

Hiroto Saikawa made the comments at an extraordinary shareholders' meeting in Tokyo, where Ghosn was expected to be voted out as a director.Ghosn, who famously rescued Nissan from the brink of bankruptcy two decades ago and forged a partnership with France's Renault that has become one of the world's biggest carmaking alliances, was arrested again by Tokyo prosecutors last week on suspicion he tried to enrich himself to the tune of US$5 million at the company's expense.

"This is not an issue we can fix overnight. We need to fulfill the task and prepare the company for our next steps, and then pass the leadership baton," he told shareholders.Saikawa started the meeting by apologizing for the inconvenience the scandal had caused, which was followed by a deep bow by him and a panel of Nissan executives and directors.

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