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The French automaker, however, confirmed on Thursday that it was considering new leadership, after Finance Minister Bruno Le Maire called publicly for a board meeting to address his succession. Ghosn’s pay has been a hotly debated issue at Renault’s shareholder meetings where he lost a vote on pay a few years ago van heusen cufflinks. He has also been in news previously for hidden bonus plans. Reuters reported in 2017 on a plan by Renault-Nissan bankers to pay millions in undisclosed bonuses via a specially created Dutch service company to Ghosn and other managers. The plan was scrapped after the Reuters report here..
(Reuters) – Shares of Sun Pharmaceutical Industries Ltd (SUN.NS) plunged 13 percent on Friday to near six-year lows, hit by reports that a whistleblower filed a complaint to regulators over transactions involving the top Indian drugmaker and its co-promotor. The complaint, sent to capital market regulator Securities and Exchange Board of India (SEBI), is the second in over a month and comes as Sun Pharma already battles a product recall and regulatory investigation over reported insider trading van heusen cufflinks.
The whistleblower alleged in a 172-page complaint that Sun Pharma’s distributor Aditya Medisales had transactions worth more than 58 billion rupees ($815 million) with Suraksha Realty, controlled by Sun’s co-promoter Sudhir Valia, a report by Moneylife magazine said. Reuters was unable to review the document van heusen cufflinks. Sun Pharma’s payment to Aditya Medisales was transferred to the promoter and group companies between 2014 and 2017, Moneylife founder Debashis Basu told CNBC-TV18 in an interview..
Sun Pharma said in a filing to Indian stock exchange on Friday that it has not received the complaint and was not privy to contents of the document. Shares in Sun Pharma, India’s top drugmaker by market value, dropped 13 percent in heavy trading, losing nearly $1.5 billion of its market value on Friday van heusen cufflinks. The stock has been under pressure since last month due to concerns over its corporate governance and a product recall. In December, a media report said SEBI, helped by a whistleblower tipoff, was likely to reopen an insider trading case against Sun and probe alleged lapses by some of Sun’s promoters in raising funds overseas..
(Reuters) – Apple Inc’s (AAPL.O) biggest iPhone assembler Foxconn Technology Group (2317.TW) has let go around 50,000 contract workers in China since October, months earlier than normal, Nikkei reported on Friday van heusen cufflinks. The scale of the cuts is not necessarily deeper than previous years, it is simply significantly earlier, the report said, citing an industry source familiar with the situation. “It’s quite different this year to ask assembly line workers to leave before the year-end,” the source told Nikkei..