Renault-Nissan-Mitsubish president arrested in Japan - UPDATED

Baku. 19 November. REPORT.AZ/ President of Japanese company Nissan Motor Carlos Ghosn has been arrested on charges of under-reporting his salary, Report informs citing Japanese media.

64-year-old Ghosn currently leads Renault-Nissan-Mitsubishi alliance as Chairman of the Directors' Board.

Ghosn is also suspected of violating financial laws by under-reporting his salary to avoid taxes.

The Tokyo prosecutor's office also arrested member of the Nissan Directors' Board Greg Kelly on suspicion of a breach of Japan's financial laws.

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Nissan Motor Co Ltd Chairman Carlos Ghosn is to be arrested by Tokyo prosecutors for alleged financial violations in Japan, Report informs citing Interfax.

According to local media, the Tokyo Prosecutor's office is currently preparing the arrest of a top Manager.

It is noted that Renault shares fell sharply in Paris, and were down 5.5 percent in early session trading, among the worst performing stocks in Europe.