Posts tagged ‘Bloomberg’


Nissan’s own documents show Carlos Ghosn’s arrest was a boardroom coup

22.06.2020

I said it a long time ago: that the Carlos Ghosn arrest was part of a boardroom coup, and that the media were used by Hiroto Saikawa and co. (which I said on Twitter at the time). It was pretty evident to me given how quickly the press conferences were set up, how rapidly there was “evidence” of wrongdoing, and, most of all, the body language and demeanour of Mr Saikawa.
   Last week emerged evidence that would give me—and, more importantly, Carlos Ghosn, who has since had the freedom to make the same allegation that he was set up—cause to utter ‘I told you so.’
   I read about it in The National, but I believe Bloomberg was the source. The headline is accurate: ‘Nissan emails reveal plot to dethrone Carlos Ghosn’; summed up by ‘The plan to take down the former chairman stemmed from opposition to deeper ties between the Japanese company and France’s Renault’.
   One highlight:

the documents and recollections of people familiar with what transpired show that a powerful group of insiders viewed his detention and prosecution as an opportunity to revamp the global automaker’s relationship with top shareholder Renault on terms more favourable to Nissan.
   A chain of email correspondence dating back to February 2018, corroborated by people who asked not to be identified discussing sensitive information, paints a picture of a methodical campaign to remove a powerful executive.

   Another:

Days before Mr Ghosn’s arrest, Mr Nada sought to broaden the allegations against Mr Ghosn, telling Mr Saikawa that Nissan should push for more serious breach-of-trust charges, according to correspondence at the time and people familiar with the discussions. There was concern that the initial allegations of underreporting compensation would be harder to explain to the public, the people said.
   The effort should be “supported by media campaign for insurance of destroying CG reputation hard enough,” Mr Nada wrote, using Mr Ghosn’s initials, as he had done several times in internal communications stretching back years.

   Finally:

The correspondence also for the first time gives more detail into how Nissan may have orchestrated [board member] Mr Kelly’s arrest by bringing him to Japan from the US for a board meeting.

   Nissan’s continuing official position, that Ghosn and Kelly are guilty until proved innocent, has never rang correctly. Unless you’re backed by plenty of people, that isn’t the typical statement you should be making, especially if it’s about your own alleged dirty laundry. You talk instead about cooperating with authorities. In this atmosphere, with Nissan, the Japanese media duped into reporting it based on powerful Nissan executives, and the hostage justice system doing its regular thing, Ghosn probably had every right to believe he would not get a fair trial. If only one of those things were in play, and not all three, he might not have reached the same conclusion.

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