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TechnologyNissan executive Munoz resigns after Ghosn's arrest

14:05  12 january  2019
14:05  12 january  2019 Source:   msn.com

Reports say Nissan's Ghosn questioned over financial reports

Reports say Nissan's Ghosn questioned over financial reports TOKYO - Japanese media say Carlos Ghosn, Nissan Motor Co. chairman, is being questioned by Tokyo prosecutors on suspicion he falsified his financial reports. 

One of Nissan Motor' s top executives has resigned , further rattling the Japanese automaker' s management team as it broadens an investigation into ousted Chairman Carlos Ghosn ' s alleged In a statement, Nissan said that Munoz had "elected to resign " from the company, effective immediately.

19 arrest , Ghosn declared his innocence in court on Tuesday, saying he had never received compensation that was not disclosed and that Nissan had not Ghosn ’ s lawyer Otsuru did not respond to requests for comment on the expansion of Nissan ’ s probe into dealings in India and Brazil.

Nissan executive Munoz resigns after Ghosn's arrest© Provided by thecanadianpress.com FILE - In this Sept. 12, 2018, file photo, Jose Munoz, then head of Nissan's China operations, speaks during an interview in Shanghai. Nissan Chief Performance Officer Munoz, who took a leave of absence a week ago, is leaving, the first high-profile departure at the Japanese automaker publicly acknowledged as related to the arrest of former Chairman Carlos Ghosn, Munoz said in a statement on Saturday, Jan. 12, 2019. (AP Photo, File)

TOKYO - Nissan Chief Performance Officer Jose Munoz, who took a leave of absence a week ago, has resigned, the first high-profile departure at the Japanese automaker publicly acknowledged as related to the arrest of former Chairman Carlos Ghosn.

Renault keeps Ghosn as CEO despite arrest in Japan

Renault keeps Ghosn as CEO despite arrest in Japan France's Renault says it has decided to keep its CEO Carlos Ghosn on despite his arrest in Japan on allegations that he misused assets of partner Nissan Motor Co. and misreported his income. Renault's board of directors announced late Tuesday that the No. 2 at the company, Chief Operating Officer Thierry Bollore, would temporarily fill in for Ghosn. "Mr. Ghosn, temporarily incapacitated, remains chairman and chief executive officer," a statement from Renault's board said. But while Ghosn deals with his legal issues in Japan, Bollore will have the same authority to run the company as the CEO, it added.

He joined Nissan in 1999 after Renault bought a controlling stake and became its chief executive in 2001. Renault owns 43.4% of Nissan ’ s shares. Felipe Muñoz , a global automotive analyst at Jato, a research firm, said the arrest represented a crisis for the firms Ghosn headed, although he added

19 arrest , Ghosn declared his innocence in court on Tuesday, saying he had never received compensation that was not disclosed and that Nissan In particular, the automaker' s investigators are looking into Ghosn ' s role in what Nissan insiders have described to Reuters as a surprise decision in

Munoz said in a statement on LinkedIn Saturday he made the decision after serious thinking because the company was "involved in matters that have and will continue to divert its focus," referring to Ghosn's case.

Munoz is among several executives media speculated might succeed Ghosn, who led Nissan for two decades.

Nissan confirmed the resignation, effective immediately.

There have been other recent departures from Nissan, but Nissan has denied they were related to Ghosn's case.

Munoz, a Spaniard who oversaw Nissan's global strategies, worked for Nissan for 14 years.

"I love the company, my talented co-workers and Nissan's industry-leading dealers," he said.

Ghosn, arrested Nov. 19, has been charged with breach of trust and falsifying financial reports and remains detained in Tokyo. He rebutted each allegation and asserted his innocence in a Tokyo court earlier this week, his first public appearance since his arrest.

The court rejected a request by prosecutors late Friday that Ghosn not be allowed to receive visitors, paving the way for his family to see him for the first time since his arrest. Until now, Ghosn could only see prosecutors, embassy officials and his lawyers.

In Japan, suspects are routinely held for months until their trials start. No trial date has been set for Ghosn.

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Japan court OKs 10-day detention for Nissan's ex-chair Ghosn.
A Japanese court approved prosecutors' request on Sunday to keep Nissan's former chairman Carlos Ghosn in detention for another 10 days. 

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