On Monday, Nissan Motor Co Ltd said it was ousting Chairman Carlos Ghosn.
Reuters reports that Ghosn is being ousted for alleged financial misconduct.
Japanese media reported he been arrested.
This is a shocking fate for a leader hailed for rescuing the company from close to bankruptcy.
Nissan said Ghosn’s alleged misconduct included personal use of company money and under-reporting how much he had been paid.
Ghosn is also chairman and chief executive of Nissan’s French partner Renault.