Carlos Ghosn re-arrested on fresh charges in Japan

Carlos Ghosn

Nissan’s former CEO has already been charged with financial misconduct, and now faces charges of breach of trust

Ousted Nissan chairman Carlos Ghosn has been re-arrested in Japan on fresh charges of arrgravated breach of trust, according to media reports in the country.

Ghosn had looked set to be released from prison in the country after a court rejected a request by prosecutors to extend his detainment. But Japanese broadcaster NHK now says prosecutors have charged Ghosn with shifting a large private investment loss onto Nissan in the aftermath of the 2008 financial crisis. 

Ghosn has already been formally charged with financial misconduct – over claims he under-reported his salary over a five-year period – in Japan.

According to NHK, during the court hearing Ghosn denied the charges. In a statement via his lawyer, Ghosn said: “Things as they stand are absolutely unacceptable. I want to have my position heard and restore my honour in court.”

The architect of the Renault-Nissan-Mitsubishi Alliance, Ghosn was arrested in Japan in November accused of under-reporting his salary, using company assets for personal use and other claims.

Ghosn was stripped of his chairman roles at Nissan and Mitsubishi after the allegations emerged, although he remains chairman and CEO of Renault.

Nissan has also been charged by prosecutors as a corporation involved in the case, according to Japan broadcaster NHK. Former Nissan representative director Greg Kelly, who was arrested at the same time as Ghosn, has been indicted, too. The court also rejected a request to extend his detention, so he could also be released on Friday.

If found guilty of the crimes he has been charged with, Ghosn could be sentenced to up to 10 years in prison and fined up to £4.9 million by Japanese financial regulators.

Ghosn has not issued any public statement following his arrest, but his defence team has denied the allegations of prosecutors, claiming that they are invalid because they do not relate to his salary but instead to future payments he was expected to receive after retiring.

Read more

Nissan officially dismisses Carlos Ghosn from chairman role

Nissan chairman Carlos Ghosn arrested over financial misconduct allegations

Opinion: taking stock of Nissan’s claims against Carlos Ghosn – and their impact



Source: Autocar Online

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