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Nissan denies corporate conspiracy to oust ex-chairman Ghosn

Christian Fernsby |
Nissan Motor Co Ltd on Monday blasted suggestions in media reports of a conspiracy within the company to oust former chairman Carlos Ghosn.

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Topics: NISSAN    GHOSN   

Ghosn's 2018 arrest in Japan on financial misconduct charges has led to much speculation that the move was orchestrated by Nissan executives who opposed closer ties with partner Renault.

"I know that in books and the media there has been talk about a conspiracy but there are no facts whatsoever to support this," Motoo Nagai, chairman of Nissan's auditing committee, told shareholders at the company's annual general meeting.

Responding to demands from a shareholder to address the speculation, Nagai argued that the investigation into Ghosn was conducted both internally and by outside law firms.

Monday's meeting lasted almost two hours twice as long as planned, as shareholders grilled Chief Executive Makoto Uchida on how he planned to restore trust in the company following the Ghosn scandal, and revive sales in the United States and China.

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