Carlos Ghosn to spend Christmas, New Year in jail; rearrested, detention extended for 10 days

Ghosn was re-arrested on Friday based on suspicions that around October 2008 he shifted personal trades to Nissan to make it responsible for 1.85 billion yen ($16.6 million) in appraisal losses, prosecutors said.

Press Trust of India December 24, 2018 09:13:29 IST
Carlos Ghosn to spend Christmas, New Year in jail; rearrested, detention extended for 10 days

Tokyo: A Japanese court on Sunday extended for 10 days the detention of ousted Nissan Motor Co chairman Carlos Ghosn, who is facing new allegations of making the car maker shoulder $16.6 million in personal investment losses.

Carlos Ghosn to spend Christmas New Year in jail rearrested detention extended for 10 days

A file photo of Carlos Ghosn. Reuters

The extension announced by the Tokyo District Court means Ghosn will remain in Tokyo’s main detention centre, where he has been confined since his arrest last month on initial allegations of financial misconduct.

Ghosn was re-arrested on Friday based on suspicions that around October 2008 he shifted personal trades to Nissan to make it responsible for 1.85 billion yen ($16.6 million) in appraisal losses, prosecutors said.

They said the move inflicted damage on Nissan by having it deposit a total of $14.7 million on four occasions between June 2009 and March 2012 into a related bank account.

Updated Date:

also read

Mitsubishi sacks Ghosn as Chairman after more allegations begin to leak out
auto

Mitsubishi sacks Ghosn as Chairman after more allegations begin to leak out

The current allegations could see Ghosn facing 10 years behind bars and/or a 10-million Yen fine.

Ousted Renault-Nissan boss Carlos Ghosn refuses to be 'held hostage', confirms he is in Lebanon; denies fleeing justice in Japan
Business

Ousted Renault-Nissan boss Carlos Ghosn refuses to be 'held hostage', confirms he is in Lebanon; denies fleeing justice in Japan

Lebanon does not have an extradition treaty with Japan, according to Japan’s justice ministry, making it unlikely that he could be forced to return to Tokyo to face trial.