Ghosn received 8M euro in 'improper' payments - Nissan

French President Emmanuel Macron and Renault CEO Carlos Ghosn visit the Renault factory in Maubeuge northeastern France on 8 November 2018

French President Emmanuel Macron and Renault CEO Carlos Ghosn visit the Renault factory in Maubeuge northeastern France on 8 November 2018

Renault executives and French government officials were planning to meet Nissan Chief Executive Hiroto Saikawa in Japan on Thursday, Japanese media said, as the automakers consider their partnership in the wake of alliance Chairman Carlos Ghosn's arrest.

Nissan and Mitsubishi have announced the results from their joint investigation into the (alleged) misconduct carried out by Carlos Ghosn, who is the former chairman of both companies.

Since his out-of-the-blue arrest on November 19, Ghosn has been kept in a Tokyo detention centre and has made only one public appearance in court when he passionately rejected the accusations against him.

He has appealed several times to be released on bail and filed another appeal earlier Friday. "In this new phase, we need a new and durable governance for Renault". It previously supported the French automobile manufacturer's decision to allow Ghosn to continue serving his post while awaiting a trial.

Ghosn has been charged over allegations he failed to disclose close to $80 million in additional compensation for 2010-18 that he had arranged to be paid later.

The Brazilian-born executive was the architect of the Renault-Nissan alliance and brought Mitsubishi on board in 2016.

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"We are entering now a new phase", Finance Minister Bruno Le Maire said Wednesday evening during an interview.

But there is speculation it could replace him as a boss with expectation of a board meeting as soon as this weekend.

According to Mitsubishi's legal team, over April-November 2018, Ghosn received around 5.8 million euros ($6.61 million) in annual pay for his role as managing director, a 1.4 million euro signing fee and an undisclosed incentive from the JV.

The former high-flying executive has been indicted for understating his income at Nissan by tens of millions of dollars and transferring personal trading losses to the carmaker.

Ghosn, who remains chairman and chief executive of Nissan's French partner Renault SA, has already been charged with three counts of financial misconduct and has been held at a detention centre in Tokyo for almost two months.

"Renault must realise Ghosn had stepped beyond what is appropriate", said Janet Lewis, a Tokyo-based auto analyst with Macquarie Group Ltd.

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