Nissan Moves To Fire Chairman Carlos Ghosn For Alleged Financial Misconduct

Reuters is reporting that Nissan Motor Co. is moving to fire chairman Carlos Ghosn for alleged financial misconduct.

According to the Reuters report, an internal investigation that was triggered by a tip, showed that Ghosn engaged in wrongdoing including personal use of company money and underreporting for some years his salary.

Nissan’s CEO Hiroto Saikawa in a news conference said while he could not go into specifics about the allegation against Ghosn, Saikawa did say the wrongdoing was serious and unacceptable.

“To have so greatly violated the trust of many, I feel full of disappointment and regret,” Saikawa said.