Nissan board ousts Carlos Ghosn as chairman

The board also voted to remove Greg Kelly from his position as representative director, the Nikkei newspaper reported. Nissan said on Monday an internal investigation triggered by a tip-off from an informant had revealed that Ghosn engaged in wrongdoing, including personal use of company money and under-reporting of his earnings for years.

Tokyo prosecutors have accused Ghosn and Kelly of financial misconduct and they remain in custody. Ghosn and Kelly have not commented on the accusations. A Nissan spokesman declined to comment.