Arrest of Nissan star Ghosn raises speculation over coup

The shock arrest of Nissan’s former chairman on costs of falsifying monetary stories is providing a window into attainable company intrigue on the Japanese automaker.

Japanese media and a few analysts have raised the likelihood that the fees towards Carlos Ghosn have been engineered to sideline him and give Nissan an excuse to end a lopsided alliance with French automaker Renault SA.

Renault dispatched Ghosn to Nissan in 1999 to assist rescue Nissan Motor Co. It owns 43 % of Nissan whereas Nissan owns 15 % of Renault with no voting rights. Now, Nissan is more worthwhile than Renault. Speak of a merger between the two corporations was elevating resistance in Japan.

Ghosn and an American government, Greg Kelly, have been arrested on Nov. 19 on suspicion of falsifying monetary stories.

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