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Nissan shares fall 5.45% after Chairman's arrest
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IANS | 20 Nov, 2018
Japanese automobile manufacturer Nissan's shares on Tuesday fell by 5.45
per cent on the Tokyo Stock Exchange following the arrest of its
chairman over alleged financial irregularities.
Carlos Ghosn,
responsible for creating the Renault-Nissan-Mitsubishi alliance, was
arrested on Monday for allegedly under-reporting his income. He is
expected to be relieved of his position, reports Efe news.
The price of Nissan shares fell to 950.7 yen ($8.45), after having earlier slumped to a low of 940 yen.
Japanese
carmaker Mitsubishi Motors, where Ghosn served as chairman of the
board, said in a statement that it would launch an internal
investigation to find out if he was involved in any irregularities
within the company.
Mitsubishi's shares fell 6.85 per cent on the stock market.
Ghosn,
64, allegedly under-reported his income by 5 billion yen in the last
five years, Kyodo news agency reported, citing company sources.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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