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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Bengaluru, Jul 31: Karnataka reported 1,987 new COVID-19 and 37 deaths on Saturday, taking the total number of infections to 29,05,124 and the toll to 36,562.
The day also saw 1,632 discharges, taking the total number of recoveries in the state so far to 28,44,742, a health department bulletin said.
Bengaluru Urban accounted for most of the fresh cases (450) and saw 377 discharges and 11 deaths.
The total number of active cases stood at 23,796.
While the positivity rate for the day was 1.43 per cent, the Case Fatality Rate (CFR) was 1.86 per cent.
Dakshina Kannada followed Bengaluru Urban in the number of deaths (7), Hassan accounted for 4, Chikkamagaluru, Kolar and Mysuru (2 each), followed by others.
Among the districts where the new cases were reported, Bengaluru Urban logged 450, Dakshina Kannada 365, Mysuru 177, Udupi 148, Kodagu 132, Tumakuru 108, Hassan 105, while the rest were scattered in other areas.
Bengaluru Urban district topped the list of positive cases, with a total of 12,27,339, followed by Mysuru 1,72,956 and Tumakuru 1,17,829.
Among discharges too, Bengaluru Urban was on top with 12,02,937, followed by Mysuru 1,69,196 and Tumakuru 1,15,723.
Cumulatively a total of 3,86,49,498 samples have been tested in the state so far, out of which 1,38,532 were done on Saturday alone.
To view today's health bulletin: