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Carlos Ghosn has been sacked as chairman of Mitsubishi Motors after his arrest in Japan over misconduct claims.
It follows a similar move by Nissan last week amid claims he falsely understated his salary and used company money for personal gain.
Mr Ghosn, who headed an alliance of Renault, Nissan and Mitsubishi, has denied the allegations, according to media reports in Japan.
He remains in detention and has not spoken publicly about the affair.
“During today’s board meeting, it was decided that he is dismissed as chairman,” the company said in a short statement. Read more