Mitsubishi Motors fires Carlos Ghosn, CEO to be interim chairman
Tokyo, Nov 26 (AP): The board of Japanese automaker Mitsubishi Motors, which is allied with Renault and Nissan, voted unanimously Monday to dismiss Carlos Ghosn as its chairman following his arrest last week.
Prosecutors arrested Ghosn on November 19 on suspicion he under-reported his income by USD 44 million over five years.
Nissan Motor Co ousted him as its chairman last week, saying an internal investigation prompted by a whistleblower also found Ghosn misused company money and assets.
Mitsubishi Motors' CEO Osamu Masuko, chosen by the board as acting chairman pending a shareholders' meeting, said Ghosn would not be able to perform his duties, considering his arrest and Nissan's dismissal of him as chairman.
Masuko said he did not know the specifics of the criminal allegations and declined comment on the case.
When asked for his personal view about the situation, Masuko said he was baffled.
"To be honest, I was shocked, and I couldn't believe it," he told reporters at Mitsubishi Motors' showroom at headquarters.
"I still can't figure out why, and I just don't understand."
But Masuko insisted the three-way alliance will persevere, saying it's critical for the automakers' futures, especially in working together on new technologies such as autonomous driving, artificial intelligence and connectivity for vehicles.
"We believe the alliance is needed," Masuko told reporters at Mitsubishi Motors' showroom at headquarters.
"Where the three companies are headed is not confrontation."
Ghosn was central in creating the alliance, but would have had to leave eventually, he said, adding just that the "timing had come sooner."
Renault has kept Ghosn as chief executive, while appointing an interim chair while the company awaits more information about the allegations against him.
The disruptions over Ghosn's case have added to worries about the future of the alliance between Renault, Nissan and Mitsubishi, whose status as the most recent addition could be more precarious.
European media have speculated that the case against Ghosn was partly driven by a desire to fend off moves to merge Renault and Nissan and keep the company under Japanese control.
Resentment within the Japanese automaker against Ghosn's pay and power may also have played a role.
Ghosn has been a dominant force in the Japanese auto industry for nearly two decades.
He led the addition of Mitsubishi into the alliance in 2016 after the smaller automaker was embroiled in an inspections reporting scandal.
Nissan holds a 34 per cent stake in Mitsubishi.
Japanese media, citing unidentified sources, are reporting that Ghosn and Greg Kelly, an executive who was arrested on suspicion of collaborating with him, are asserting their innocence. Ghosn has not commented publicly.
The two executives have not yet been charged. Under Japanese law, a suspect can be held in custody for up to three weeks per suspected charge without any charges being filed.
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Muslim Personal Law Board urges MPs to oppose Waqf Amendment Bill
New Delhi: The All India Muslim Personal Law Board (AIMPLB) has strongly opposed the Waqf Amendment Bill 2024 and has appealed to all secular political parties, including allies of the ruling BJP, to reject it in Parliament. The bill is set to be presented on April 2, Wednesday and the Board has urged Members of Parliament (MPs) not to support it “under any circumstances.”
The President of AIMPLB, Maulana Khalid Saifullah Rahmani, called the proposed amendment unfair and unconstitutional, stating that it violates Articles 14, 25, and 26 of the Indian Constitution, which guarantee equality and religious freedom.
According to him, the bill is part of a larger plan to weaken Waqf laws and make it easier for government authorities to seize Waqf properties.
He pointed out that, despite the existence of the Places of Worship Act, there is a growing trend of questioning the religious identity of mosques. If the amendment is passed, he warned, government officials such as Collectors and District Magistrates will have greater power to take control of Waqf properties. This, he said, could lead to an increase in illegal claims on these lands.
The Board President highlighted several key changes in the bill that he believes would harm the Waqf system. These include the removal of Waqf by-user, the lifting of exemptions from the Law of Limitation, and the inclusion of non-Muslims in Waqf Boards and the Central Waqf Council.
Additionally, he criticized the proposed reduction in the powers of the Waqf Tribunal and the shift of dispute resolution to government officials rather than the Tribunal. He argued that these changes would strip Waqf properties of their legal protection and open the door for government control.
He also pointed out that similar legal protections exist for religious endowments of other communities, and targeting only Muslim Waqf properties would be discriminatory.
Maulana Rahmani expressed concern that such actions threaten India’s tradition of communal harmony and mutual respect between Hindus and Muslims. He stated, “our country is globally recognized for Hindu-Muslim brotherhood and for mutual respect for each other's religions, customs and festivals. However, unfortunately, the power of the nation is currently in the hands of those who seek to destroy this atmosphere of communal harmony and create anarchy and chaos.”
In his appeal, he urged MPs to stand with the Muslim community and oppose the bill, stating that millions of Muslims across India are counting on them to protect their rights.
