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Renault CEO Carlos Ghosn expected to be sacked after arrest in Japan

The chairman of the Renault-Nissan-Mitsubishi alliance, Carlos Ghosn, has been arrested in Japan over allegations of financial impropriety and is expected to be sacked from his position.

Ghosn was arrested on his arrival in Japan on Monday after an internal investigation at Nissan revealed "significant acts of misconduct". The Japanese car manufacturer said the allegations included significantly under reporting his compensation and misusing company assets. Ghosn has yet to respond to the allegations.

As the chief executive of Renault, Ghosn oversaw the French car manufacturer's return to Formula One as a factory team in 2016. The current head of Renault Sport Racing, Jerome Stoll, also reports directly to Ghosn in the company's hierarchy.