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Business briefing: I’m victim of a conspiracy, says Nissan’s arrested boss

Claims: Carlos Ghosn video message PICTURE: AFP

FORMER Nissan chairman Carlos Ghosn has accused executives at the car giant of a ‘conspiracy’ that led to his arrest on financial misconduct allegations.

Ghosn insisted yesterday he was innocent and that his enemies were motivated by ‘selfish fears’.

In a ten-minute video released by his legal team, the 65-year-old businessman said: ‘This is not about greed, this is not about dictatorship, this is about a plot.

‘This is about conspiracy. This is about backstabbing.’

Ghosn said concerns at the Japanese car maker of a merger with French partner Renault SA had prompted his dismissal but he insisted he had been the biggest defender of Nissan’s autonomy.

He also said he was worried about Nissan and implied those behind the alleged conspiracy were failing. ‘It’s sad. For someone like me, it’s sickening,’ he added.

Nissan said Ghosn initiated financial misconduct it later uncovered and used the company’s money for personal gain.

On Monday, shareholders voted to oust Ghosn from the board and to approve Renault SA’s chairman Jean-Dominique Senard as his replacement.

Ghosn was arrested for a fourth time last week while on bail awaiting trial on charges of financial misconduct and breach of trust.

No date has been set for his trial.

Get cracking to find the luckiest eggs this Easter

Golden opportunity: The double-yolkers on sale at Morrisons

YOU really can have all your eggs in one basket — a supermarket is guaranteeing every one will be a double yolker.

In keeping with the tradition that it is good luck to eat a double-yolked egg at Easter, Morrisons is selling boxes of four for £1.50.

Usually, there is a one-in-a-1,000 chance of finding two yolks in a single egg. But ‘eggsperts’ in North Yorkshire are holding larger eggs up to a special lamp to spot the extra yolk. Morrisons’ Robert Hoffman said: ‘We hope they bring customers some good fortune this Easter.’

Just 1,000 boxes will be available at 11 stores.

Suppliers to building trade ‘formed cartel’

THREE major suppliers of construction safety equipment ‘formed a cartel to reduce competition and keep prices up’, the Competition and Markets Authority has said.

Vp and MGF shared information for nearly two years and Mabey joined in for five months, the watchdog said as it announced its provisional findings.

The companies will be able to respond before the CMA decides if competition law was broken. Mabey, which blew the whistle and confessed its role, will avoid a fine if it continues to co-operate with the investigation.

BUSINESS BITES

■ OUTSOURCING firm ISS faces staff protests over payroll changes which mean they will wait longer for wages. Cleaners on the Arriva Rail North contract will demonstrate at Victoria Station, Manchester, today.

■ CAKE Box revenue has risen 30 per cent to £17.1million in the year it joined London’s Aim market. The franchise, which specialises in egg-free cream cakes, has 114 stores after opening 28 last year and plans to expand to 250.

■ CITY Pub Group recovered from a £700,000 loss in 2017 to post a 2018 pre-tax profit of £5.1million — a 60 per cent rise. It puts the success down to opening 11 new sites in London and the south, and last year’s World Cup.

■ HORNBY is to post another loss this year after revenue was hit by stock shortages. But the model rail toymaker said margins improved and the loss will be significantly lower than last year’s £7.6million.

■ A MACALLAN whisky ad showing a man leaping off a mountain and growing wings has been banned for promoting risky behaviour. The Advertising Standards Authority concluded that it was irresponsible.