Nissan shareholders meet to sack Ghosn

TOKYO – Nissan shareholders were meeting Monday for a vote expected to eject Carlos Ghosn from the board, as the detained former chairman fights multiple financial misconduct charges that have landed him in custody.

Nissan CEO Hiroto Saikawa opened the meeting with a speech outlining the allegations against his former mentor, accusing him of misusing funds and seeking to conceal his compensation. The third, more complex, charge is that he attempted to transfer personal losses to Nissan and paid a Saudi contact who provided collateral from company funds.

This period can be extended for a further 10 days if the court allows, meaning Ghosn is unlikely to be released any time soon. Just before his rearrest, Ghosn had appeared on Twitter to announce a news conference for 11 April - which will now not happen barring a further surprise.

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