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-REGARDING MEDIA REPORTS ON THE ARREST OF THE CHAIRMAN OF THE BOARD OF MITSUBISHI MOTOR CORPORATION /

Nov 20, 2018 - ENP Newswire

Tokyo - Mitsubishi Motors Corporation (MMC) today announces that media outlets reported MMC's Chairman of the Board and Representative Director, Carlos Ghosn, had been arrested by Tokyo District Public Prosecutors Office on the charge of filing annual securities reports containing fake statement, in breach of the Financial Instruments and Exchange Act.

In response to the arrest of Ghosn, and since the alleged misconduct is related to a corporate governance and compliance issue, it is to be...