The president of Nissan Motor says he has decided to dismiss Chairman and Representative Director Carlos Ghosn, who was arrested on Monday on suspicion of underreporting his earnings.
At a news conference on Monday night, President Hiroto Saikawa said that an internal investigation has confirmed serious wrongdoing led by him.
Saikawa noted that the acts cannot be tolerated.
He said he plans to convene a board meeting on Thursday and propose the dismissal for approval.
Source: NHK