Nissan chairman arrested in probe of financial misconduct

YOKOHAMA, Japan — Nissan Chairman Carlos Ghosn, who became one of the auto industry's most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly underreporting his income and misusing company funds, the automaker said.

The scandal reverberated across the globe and abruptly threw into question Ghosn's future as leader of the Renault-Nissan-Mitsubishi alliance, which sold 10.6 million cars last year, more than any other manufacturer.

http://www.startribune.com/reports-say-nissan-s-ghosn-questioned-over-financial-reports/500806181/