Tokyo - Nissan shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday, severing his last ties with the company he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.
Shareholders, who had gathered for an extraordinary meeting just days after prosecutors arrested Ghosn in Tokyo again, also voted out another director, Greg Kelly, who has also been accused in the scandal. Both Ghosn and Kelly have denied the allegations against them.
Tokyo prosecutors last week took the highly unusual step of re-arresting Ghosn - who had been out on $9 million (R127m) bail - returning him to the Tokyo detention centre where he had previously spent more than 100 days. Under the latest allegations, he is accused of trying to enrich himself to the tune of $5 million (R70.5m) at the company's expense.
Ghosn, who was first arrested in November, has been charged with under-reporting his Nissan salary for a decade, and of temporarily transferring personal financial losses to Nissan's books. However, the new allegation is potentially more serious, as it could show that he used company funds for his own purposes.
Shareholders also voted in Renault Chairman Jean-Dominique Senard as a director, another move that was widely expected.