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Court 'bars Ghosn from attending' Nissan board meeting

AFP  |  Tokyo 

A on Monday barred from attending a board meeting, according to local media, as the bailed former prepares his defence against charges of financial misconduct.

removed Ghosn as chief shortly after his shock arrest in November, but he cannot be officially removed from his seat on the board without an extraordinary shareholders' meeting -- expected to take place on April 8.

Both public broadcaster NHK and reported the decision but the court could not be immediately reached for confirmation.

The Japanese carmaker is holding a board meeting on Tuesday in Yokohama, near

And Ghosn's said earlier Monday that his client "had a duty" to attend the board meeting and wanted to do so -- if the court gave the green light.

Ghosn was released on March 6 on bail of nearly $9 million.

Under the terms of his release, he is forbidden from contacting people who could be involved in his case, including executives likely to attend board meetings, such as

Other conditions of Ghosn's bail include living in a residence monitored from outside by camera. He can only access a at his lawyer's office.

The former high-flying auto tycoon stepped out of a detention centre after more than 100 days.

He faces three charges of financial misconduct over allegations he under-reported his compensation and sought to transfer personal losses to Nissan's books.

At the height of his powers, Ghosn ran a three-way between Nissan, and that outsold all rival groups.

But his arrest exposed rifts between the Japanese and French manufacturers and he claimed in an interview with AFP his detention was a "story of betrayal" as Nissan wanted to avoid closer integration with

The two firms have since been at pains to present a united front and new boss will appear with Saikawa at a conference in on Tuesday after the Nissan board meeting.

According to sources close to the Alliance, a new structure will be created to combine Renault, Nissan and This structure will replace the current organisation that brings together Nissan and Renault, which is headquartered in

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 11 2019. 14:30 IST
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