Carlos Ghosn’s request to attend Nissan board meeting rejected by court

Carlos Ghosn’s request to attend Nissan board meeting rejected by court

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Nissan, Carlos Ghosn, Business

A Japanese court has rejected a request by former Nissan chairman Carlos Ghosn to attend the car maker’s board meeting.

Nissan dismissed Ghosn as chairman after his November 19 arrest, but he remains on the board. The Tokyo District Court said it rejected Ghosn’s request today.

It had been unclear whether Ghosn, who was released on bail last week, could attend the board meeting. The court’s approval was needed based on restrictions imposed for his release on bail.

The restrictions say he cannot tamper with evidence, and attending the board meeting could be seen as putting pressure on Nissan employees.

Prosecutors had been expected to argue against his attendance.

Ghosn has been charged with falsifying financial reports in underreporting his compensation and breach of trust in making payments to a Saudi businessman and having Nissan shoulder investment losses.

He insists he is innocent, saying the compensation was never decided or paid, the payments were for legitimate services and Nissan never suffered the losses.

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Ghosn’s lawyer questions how case is handled.

Since his release on March 6 from Tokyo Detention Centre on 1 billion yen (£7 million) bail, he has been spotted taking walks in Tokyo with his family, but he has not made any comments.

His attempt to exercise what his lawyer, Junichiro Hironaka, called his “duty” by attending the board meeting signals one way he may be fighting back.

Hironaka has said Ghosn will speak to reporters soon. A date for a news conference has not been announced.

Nissan said that Renault chairman Jean-Dominique Senard, Renault chief executive Thierry Bollore, Nissan Motor Co CEO Hiroto Saikawa, and Osamu Masuko, the chairman and CEO of Mitsubishi Motors Corp, will hold a joint news conference on Tuesday after the board meeting.

Nissan appears determined to highlight new leadership without Ghosn. It is part of an alliance with Renault SA of France, and more recently with Japan’s Mitsubishi Motors, that was largely cobbled together by Ghosn, who led Nissan for two decades.

Nissan, which makes the March subcompact, Leaf electric car and Infiniti luxury models, has denounced Ghosn for alleged misconduct. A decision at a shareholders’ meeting is needed to remove Ghosn from the board. A shareholders’ meeting is scheduled for next month.

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