Carlos Ghosn has escaped Japan.
The former executive of both Nissan (NSANY) and Renault (RNLSY) escaped to Lebanon on Dec. 31, 2019.
While it’s still unclear how Ghosn escaped, reports say that he used a spare French passport. Ghosn is a citizen of France, Brazil and Lebanon.
Ghosn was arrested back in 2018 for financial misconduct and corruption. Authorities claim that he funneled millions of Nissan’s funds for his own use and deceived shareholders about his salary.
In November of 2018, Nissan dismissed Ghosn as chairman.
Ghosn stepped down as CEO of Renault in January of 2019.
Following Ghosn’s escape, Japan has issued an Interpol wanted notice. The notice alerts police forces around the world that a person is wanted.
Ghosn’s escape has already led to the arrests of seven people who reportedly aided the former executive in his escape.
Ghosn has denied the charges against him and his lawyers have asked a court to dismiss all charges against him.
The Securities and Exchange Commission (SEC) reached a settlement with Ghosn back in September. The settlement covered allegedly false financial disclosures, and Ghosn paid a $1 million civil penalty and agreed to a 10-year ban from serving as an officer or director of a public company.