One Lebanese TV channel reported that Ghosn fled his residence in Tokyo with help of paramilitary group disguised among a band of musicians.
The former Renault chairman and CEO, Carlos Ghosn, has travelled to Lebanon having fled from Japan where he was on bail facing charges of alleged financial wrongdoing. Ghosn, who was also chairman of Renault's Japanese partner Nissan, and who has always claimed his innocence, immediately justified the extraordinary move by saying he no longer wanted to be “held hostage by a rigged Japanese justice system where guilt is presumed”. From the start of the affair Ghosn has claimed he is the victim of a plot, while largely avoiding details of the allegations against him. Mediapart's Matthieu Suc, author of a recent book on Renault, reports.
Carlos Ghosn, who was awaiting trial in Japan on financial misconduct charges, says he is in Lebanon to avoid a 'rigged Japanese justice system'.
French carmaker Renault, which last week sacked its CEO Thierry Bolloré, who himself replaced Carlos Ghosn after the latter's arrest last year in Japan where he is still detained, saw its shares tumble on Friday after issuing a profit warning and announcing 2019 sales were likely to drop by up to 4%.
Carole Ghosn, wife of Carlos Ghosn who was arrested in Japan last November on accusations of financial misconduct, has appealed to US President Donald Trump to help end his continued detention in Tokyo by lobbying the Japanese prime minister at the forthcoming G20 summit.
French carmaker Renault, partly state-owned, could reduce its stake in its Japanese counterpart Nissan in an effort to save the strained commercial alliance between the two marques, said France's economy and finance minister Bruno Le Maire, adding that French plans for a merger between the two, resisted by Nissan, could be abandoned.
Fiat-Chrysler pulled out of the talks, saying the 'political conditions' in France did not currently exist for such a merger to proceed successfully.
Combined business would be 50% owned by Fiat shareholders and 50% by Renault stockholders, making new merged firm a global leader.
Italian-US carmaker Fiat Chrysler and France's Renault are in talks to consider forming an industrial partnership, according to several sources cited in media reports.
Over the years there have been repeated scandals about the lavish top-up pensions awarded to the bosses of some of France's biggest firms, most recently involving Renault, Airbus and energy industry engineering firm TechnicFMC. Now, in a bid to end such controversies, the government's finance minister Bruno Le Maire is promising legislation to restrict the level of these lucrative perks. But as Mediapart's Martine Orange reports, the measure already looks as if it will be little more than window dressing.
Former Nissan boss is put back under arrest over allegations he misused company funds, a surprise move he calls 'outrageous and arbitrary'.
Carlos Ghosn said some Nissan executives wanted to stop his plan to integrate Renault with its Japanese alliance partners, Nissan and Mitsubishi.
French carmaker Renault on Thursday appointed outgoing Michelin boss Jean-Dominique Senard as chairman and its former second in command, Thierry Bolloré, as CEO, after Carlos Ghosn, who held both posts, resigned late Wednesday while in detention in Japan where has been held since November on financial misconduct allegations.
The case of the arrest and continued detention in Japan of Renault chairman and CEO Carlos Ghosn over alleged financial misconduct has revealed the severity of the Japanese judicial system, which again denied him bail at a hearing in Tokyo this week. But it has also illustrated the situation of impunity granted in France to numerous high-placed individuals like Ghosn, writes Mediapart co-founder Laurent Mauduit in this opinion article. For while it now appears that the French government is finally moving towards his replacement as head of the French carmaker, economy and finance minister Bruno Le Maire has until now done his utmost to protect Ghosn, even declaring that there was ‘nothing in particular to report’ on his tax situation in France, when in fact the boss of one of France's biggest industrial corporations has been a tax resident in the Netherlands since 2012.