The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Nissan Motor Co CEO Hiroto Saikawa said French partner Renault SA should reach the same conclusion as the Japanese automaker and oust Chairman Carlos Ghosn if and when it gains access to all the relevant information.
A probe into Ghosn conducted by Nissan, which contributed to the Frenchman’s arrest in Japan almost two months ago, was shared with Renault’s legal team but not the board, he said in an interview with French daily Les Echos published.
“All I wish for is that Renault board members would have access to the full file,†said Saikawa.
“I think that when it will be the case, they’ll draw the same conclusion as us.â€
Ghosn was arrested on November 19 for alleged financial crimes and could remain in jail for months. Nissan and Mitsubishi Corp, another partner, have ousted him as chairman, but Renault has cited the presumption of innocence keep him on as CEO and chairman for now.
Renault’s board counts representatives of unions and the French government — Renault’s most influential shareholder — among its members. Finance Minister Bruno Le Maire said that France will only seek a permanent management change if Ghosn can no longer perform his duties, despite the fact that he’s in prison.