Nissan shareholders sever last ties with ousted Ghosn

TOKYO - Nissan Motor Co shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday , severing his last ties with the company he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.

Under the latest allegations, he is accused of trying to enrich himself to the tune of US$5 million at the company’s expense. However, the new allegation is potentially more serious, as it could show that he used company funds for his own purposes. “Economic performance and the well-being of the people at Nissan will be for me of the highest importance,” Mr Senard told the meeting. “I will constantly suggest the best possible evolutions in the framework of the alliance... We want to secure the right future for Nissan.”

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