Monday, 19 November 2018

Prophet of Brexit doom arrested

Carlos Ghosn, 2013 (cropped).jpg
Carlos Ghosn
Last month the car manufacturer Nissan warned that a 'hard Brexit' would have serious implications for its plant in Sunderland.

The company issued a statement and the Nissan chairman Carlos Ghosin, speaking at the Paris Motor Show said, 'We are preparing for the worst but I do not want to tell you how we are preparing because you will say I am trying to scare people.'

His comments got a lot of attention because he is head of a business empire Alliance that includes Nissan, Renault and Mitsubishi.

Indeed such has been his standing over many years that he was honoured by the United Kingdom with an honorary knighthood (KBE) in 2006.

But earlier today it was reported that he has been arrested in Japan on suspicion of financial misconduct and BBC News has reported that the Nissan company is preparing to sack him.

Nissan said that it had been conducting an internal investigation for several months which showed that Ghosn had been under-reporting his pay package.  'Numerous other significant acts of misconduct' including 'personal use of company assets' were also found.

It's a funny old world!