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As the auto world makes sense of Carlos Ghosn’s sudden fall from grace at Nissan Motor Co., one thing is clear: The legendary executive was a victim of dismal corporate governance at the company he sat atop for decades.

Allegations against Ghosn include under-reporting his income in securities filings and making personal use of company assets. The deposed chairman denies wrongdoing in connection with the allegations, public broadcaster NHK reported on Sunday.

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