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Mitsubishi Motors Ousts Carlos Ghosn as Chairman

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Mitsubishi Motors Ousts Carlos Ghosn as ChairmanCarlos GhosnCarlos Ghosn

He was arrested in Japan last week over allegations of financial misconduct.
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Mitsubishi Motors Ousts Carlos Ghosn as Chairman

Carlos Ghosn is now out of a job at Mitsubishi Motors.  The Japanese automaker announced that its board of directors  voted Monday  to remove Ghosn as chairman.

He was arrested in Japan last week over allegations of financial misconduct.

Those violations were  uncovered by Nissan , which said it discovered that Ghosn had been under-reporting his income and engaging in "personal use of company assets." Nissan's board  similarly removed Ghosn  as its chairman Thursday.

NHK, a Japanese media outlet, reported over the weekend that Ghosn  denied the allegations  to prosecutors.

He's reportedly still being detained as of Monday.

Ghosn has managed to hang on to his leadership positions at Renault for now.

But the French carmaker  appointed other people  to temporarily take over his day-to-day duties.

Additional reporting from  Newsy affiliate CNN .



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