Nissan boss Ghosn arrested for financial misconduct, to be fired from board

Japanese media said Carlos Ghosn had reported about 10 billion yen of annual compensation as about 5 billion yen for several years

Nissan Motor Co Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct and will be fired from the board this week, a dramatic fall for a leader hailed for rescuing the Japanese carmaker from close to bankruptcy.  

Ghosn is also chairman and chief executive of Nissan's French partner Renault and his departure will raise questions about the future of the alliance. 

Nissan said an internal investigation, triggered by a tip-off from a whistleblower, had revealed that Ghosn engaged in wrongdoing, including personal use of company money and under-reporting for years how much he was earning.

Nissan CEO