Carlos Ghosn quickly went from being universally heralded as a highly respected CEO and titan of the auto industry to an international fugitive. Ghosn claimed he would “no longer be held hostage by a rigged Japanese justice system.”
strategic alliance, which made the group one of the largest and most profitable global manufacturers of vehicles under Ghosn’s guidance and managementIn a move that shocked the staid corporate world, Ghosn was abruptly arrested and charged with financial improprieties and alleged self-dealings in November 2018. He was held in jail and subsequent house arrest in Tokyo, Japan. Ghosn was then summarily dismissed from his position at Nissan.
In response to fraud charges levied by the United States Securities and Exchange Commission , Ghosn agreed to a $1 million settlement relative to the allegations of hiding roughly $140 million of his compensation package. Ghosn neither admitted nor denied the charges made by the SEC. While under house arrest, Ghosn allegedly orchestrated a daring breakout. He held an event, while under house arrest, in his Tokyo residence. It was reported that—with the help of his wife and others—Ghosn hired a band of mercenaries to act as musicians. Instead of a concert, they smuggled Ghosn out of the country inside of a large instrument case.
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