Business & Finance News
Nissan Motor Co Ltd said it planned to oust Chairman Carlos Ghosn after alleging he had used company money for personal use and committed other serious acts of misconduct.
In his 40 years in the auto industry, the praise Carlos Ghosn has won for turning around businesses has regularly been matched by criticism over the amount he has been paid to do it.
Carlos Ghosn, chairman of Japanese automaker Nissan, under-reported nearly 10 billion yen ($88.70 million) in compensation as nearly 5 billion yen, Jiji news agency reported on Monday.
The whistleblower who helped reveal suspected money laundering involving Danske Bank told Denmark’s parliament on Monday that the bank had not heeded his warnings and had later offered him money to keep quiet.
Nissan Motor Co Ltd said on Monday it was moving to terminate Carlos Ghosn from his chairman’s post after finding that he had used company money for personal use and committed several other serious acts of misconduct.
The whistleblower who helped to reveal suspected money laundering involving Danske Bank told the Danish parliament on Monday that the bank had not taken his warnings seriously and had offered him money to keep quiet.
Danske Bank has been caught up in one of the largest-ever money laundering scandals. Howard Wilkinson, the whistleblower who first alerted Denmark’s biggest bank to the problem, testified before the Danish parliament on Monday.
Nissan Motor Co Ltd’s chairman, Carlos Ghosn, has been arrested, the Yomiuri daily said on its website on Monday.
Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year.
The whistleblower who helped reveal 200 billion euro ($228 billion) in money laundering involving Danske Bank told the Danish parliament on Monday that the bank’s management had not taken his warnings seriously.
World shares started the week on the front foot on Monday, amid conflicting signals of a potential truce in the China-U.S. trade dispute, while the Federal Reserve’s new-found concerns over the global economy sapped the dollar.
IPhone maker Apple Inc has cut production orders in recent weeks for all three iPhone models launched in September, the Wall Street Journal reported on Monday, citing sources.
Nissan Motor Co Ltd Chairman Carlos Ghosn is being questioned by Tokyo prosecutors and will be arrested on suspicion of under-reporting his salary, Japanese media reported on Monday.
Japanese automaker Nissan said on Monday that Chairman Carlos Ghosn had used company money for personal use and that it had been investigating possible improper practices of Ghosn and Representative Director Greg Kelly for several months.
Bitcoin slumped to a new 13-month low on Monday, with the biggest cryptocurrency touching $5173.23 on the Bitstamp platform .
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