Nissan Motor Co. 7201, -0.45% NSANY, +0.11% said it has uncovered numerous significant acts of misconduct by Carlos Ghosn and intends to oust him as chairman.
Nissan released a statement Monday about Ghosn amid news reports in Japan that he was about to be arrested.
Nissan said its investigation had been going on for several months.
It said Mr. Ghosn has been reporting compensation amounts in securities reports that were less than the actual amount. Nissan said that in regards to Ghosn, “numerous other significant acts of misconduct have been uncovered, such as personal use of company assets.” Ghosn wasn’t immediately available for comment.
The Japanese news reports said Ghosn was being interrogated on charges that he understated his income, causing the company to file allegedly false reports to Japanese securities regulators.
An expanded version of this article appears on WSJ.com
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