The arrest of Nissan Motor Co's chairman Carlos Ghosn amid a financial probe prompted by a whistleblower caused the automaker's shares to tumble Tuesday and left many in Japan and elsewhere stunned by his downfall.
Prosecutors said they were holding Ghosn for allegedly collaborating to falsify securities statements and underreport Ghosn's income. A second Nissan executive, Greg Kelly, was also suspected of collaborating with him to underreport some USD 44.6 million in Ghosn's income from 2011-2015.
"It's extremely regrettable," Chief Cabinet Secretary Yoshihide Suga told reporters. "We will watch developments closely."
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