RUTH SUNDERLAND examines the series of events that brought down Carlos Ghosn 

Mail Online | 1/1/2020 | Ruth Sunderland for the Daily Mail
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The story of Carlos Ghosn is one of hubris followed by nemesis – and, as rumours swirl that he made his escape from Japan hidden inside an instrument case, a tinge of black comedy.

In his pomp, the 65-year-old led a motor-manufacturing empire that included the Japanese giants Nissan and Mitsubishi, along with Renault of France.

Trappings - Executive - Pay - Packet - Tick

He enjoyed all the trappings of a globe-trotting executive. Multi-million-pound pay packet? Tick. Travel by private jet? Tick. Blonde, couture-clad second wife? Tick.

He also availed himself of a string of luxury homes, which would figure heavily in his eventual downfall. But this seemingly charmed life came to an abrupt end in November 2018 after his Gulfstream jet was swarmed by Japanese prosecutors when it landed at Tokyo airport.

Meal - Daughters - Maya - Boyfriend - Sushi

Instead of savouring the meal he'd planned with one of his daughters, Maya, and her boyfriend at a Michelin-starred sushi restaurant, he found himself bundled off to a tiny cell.

Ghosn achieved the remarkable feat of becoming a hero in Japan, where foreign business leaders are a rare breed. He was drafted in to rescue Nissan in 1999, which at the time was groaning under debts amounting to billions of yen.

Bailout - Renault - Car-makers - Partnership - Mitsubishi

After he helped to orchestrate a bailout by Renault, the two car-makers embarked on a partnership, later joined by Mitsubishi. Ghosn chaired all three.

Aspiring salarymen imitated his suits and shades and the Emperor Akihito gave him a blue ribbon medal, the first time it had been awarded to a foreign business leader.

UK - Nissan - Sunderland - Plant - Figure

In the UK, where Nissan's Sunderland plant employs 7,000, he was not a well-known public figure. Nonetheless, he made inroads into the political elite and was a frequent guest at No10 under a succession of prime ministers.

He was particularly well acquainted with Tony Blair, whose former County Durham Parliamentary seat of Sedgefield was close to Nissan's UK operations....
(Excerpt) Read more at: Mail Online
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