Ex-Nissan chief Ghosn seeks permission to attend board meeting on Tuesday

Former Nissan Motor Company chairman Carlos Ghosn

Video The Associated Press Former Nissan Motor Company chairman Carlos Ghosn

Nissan removed Ghosn as chief shortly after his shock arrest in November, but he can not be officially removed from his seat on the board without an extraordinary shareholders' meeting - expected to take place on April 8.

This is a "new start" for the alliance, insisted the Frenchman.

"The event space at Versailles was made available to him without charge, and Mr Ghosn was unaware that the use of the space would be charged against Renault's allotted usage", his French-based lawyer Jean-Yves Leborgne said in February when the allegations came to light, adding that Ghosn had paid for all of his wedding expenses. Nissan opposed his attendance out of concern that the meeting would not run smoothly, he told reporters in an exchange that was aired on TV. The MoU said Senard should be "a natural candidate for the position of vice chairman and a representative director of Nissan".

A Japanese court has rejected a request by former Nissan chairman Carlos Ghosn, released on bail last week, to attend the Japanese automaker's board meeting on Tuesday. He faces charges of under-reporting his salary at Nissan by about $82 million over almost a decade - charges he has called "meritless".

The two firms have since been at pains to present a united front and new Renault boss Jean-Dominique Senard will appear with Saikawa at a news conference in Tokyo on Tuesday after the Nissan board meeting.

If his request to attend the board meeting had been approved, he would have been expected to dial into the meeting via teleconference, given the conditions of his bail, according to a person familiar with Nissan's thinking.

Apple says 'it's show time' March 25, TV service announcement expected
The invite includes a video that shows the Apple logo below the spotlight with a caption "Its show time". The event will take place at 10 am PT at the company's Steve Jobs Theater in Cupertino, Calif.


Under the terms of his bail, he would have needed the court's nod to attend. The restrictions say he cannot tamper with evidence, and attending the board meeting could be seen as putting pressure on Nissan employees.

Ghosn left his lawyer's office in the evening without taking questions from reporters.

In the wake of the scandal, Renault began its own review of payments to Ghosn.

But his arrest exposed rifts between the Japanese and French manufacturers and he claimed in an interview with AFP his detention was a "story of betrayal" as Nissan wanted to avoid closer integration with Renault.

That would replace Dutch-based companies now linking Nissan and Renault and, separately, Nissan and Mitsubishi Motors, the people said. Prior to this, there had been discussions on a full merger of Nissan and Renault, but it's not clear whether this will go ahead.

Renault holds 43 percent of Nissan shares while Nissan holds 15 percent of Renault shares.

Latest News