The Trader 

Market Outlook: Globe-trotting big cheese nabbed at airport

The Trader

One of the most recognised of the few foreigners in senior positions in Japanese corporates, Carlos Ghosn, is under arrest in Tokyo accused of concealing about half of what he was paid. Japan’s public broadcaster NHK also claims that Nissan, the car company of which he is chairman and had headed up since 1999, had paid 2 billion yen for homes in Rio de Janeiro and Beirut. He became CEO of Renault in 2005 and chairman of Mitsubishi Motors; shares in all 3 automakers skidded badly this week.

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