Carmaker Nissan’s ex-chair Carlos Ghosn, arrested last month for breach of trust, is to be kept in pre-trial detention over Christmas and New Year. Ghosn was credited with making Nissan Motors a viable global competitor.
A court in Tokyo on Sunday extended the detention of Nissan’s ex-chairman Carlos Ghosn for another 10 days.
The Tokyo District Court said the decision would allow prosecutors to further investigate the case, which has triggered international attention.
Ghosn was arrested on November 19 on suspicion of falsifying the company’s securities reports and allegedly understating his personal remuneration by about 5 billion Japanese yen ($44 million, €38.94 million) over a period of five years.
Greg Kelly, a former representative director for Nissan, was arrested along with Ghosn and accused of conspiring with him.
On Friday, Japan prosecutors rearrested Ghosn over new allegations that in October 2008 he transferred a personal investment loss worth more than 1.8 billion yen ($16.6 million, €14.58 million) to Nissan by manipulating an unspecified “swap” rule. Prosecutors said the move inflicted damages on Japan’s flagship car company. Read more
