Nissan's former CEO has already been charged with financial misconduct, and now faces charges of breach of trust
James Attwood, digital editor
31 December 2018

Ex-Nissan chairman Carlos Ghosn will now remain in prison until 11 January, following a request by prosecutors to continue questioning him for 10 more days in the wake of his re-arrest on 21 December. 

Ghosn had been expected to be released from prison on New Year's Day, but the suspicion that he shifted a large private investment loss onto Nissan in the aftermath of the 2008 financial crisis has prompted further investigation. 

Ghosn has already been formally charged with financial misconduct – over claims he under-reported his salary over a five-year period – in Japan. His lawyer, Motonari Otsuru, issued a written statement on 23 December explaining that his client's actions did not constitute a breach of trust, and that the payments identified by prosecutors were made for work completed by an unidentified person at Nissan.

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, was indicted, too. The court rejected a request to extend his detention, so he was released on 25 December.

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.

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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

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Nissan chairman Carlos Ghosn arrested over financial misconduct allegations

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Comments
14

10 December 2018

According to SKY his salary was under reported by £62,000,000.   No wonder he didn't wish to retire

typos1 - Just can’t respect opinion

10 December 2018

while he gets paid outrageously and it's still not enough for him! If the allegations are true I hope he gets locked up for a very very long time.

There will be a power struggle at the alliance now though for sure.

20 December 2018

As in Bahar, I too quicly condemned Ghosn, but it's telling Renault have found no evidence of wrong doing and keep him as CEO. Also, Nissan have failed to give Renault specifics about the allegations or additional evidence.

More and more this seems like a coup by Nissan, especially since it's had a pretty mediocre year.

Not to say he's deserving of his huge salary, but still...

20 December 2018
manicm wrote:

As in Bahar, I too quicly condemned Ghosn, but it's telling Renault have found no evidence of wrong doing and keep him as CEO. Also, Nissan have failed to give Renault specifics about the allegations or additional evidence.

More and more this seems like a coup by Nissan, especially since it's had a pretty mediocre year.

Not to say he's deserving of his huge salary, but still...

There is also difference in the definition of justice between France and Japan

20 December 2018

Thinks he is bigger than the company. No sympathy, lots of respect, but zero sympathy

what's life without imagination

20 December 2018

His daughter was reported to have visted his home in Brazil to retrieve documents, what is he trying to hide ?

20 December 2018
mpls wrote:

His daughter was reported to have visted his home in Brazil to retrieve documents, what is he trying to hide ?

documents

21 December 2018

Nice one Sabre :)

21 December 2018

The big news of time, I have heard about this.  godaddy 99 domain is the nice offer to all.

31 December 2018
I bet the poor guy can't walk properly by now. He'll never shower again.

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