Paris — The board of directors at French vehiclemaker Renault will hold an unexpected meeting, two days after its CEO Carlos Ghosn made his first court appearance in an alleged Japanese fraud case, a union source told AFP. Agenda items have not been disclosed to board members, Fabien Gache, a CGT union official at Renault, said. Ghosn, 64, has been detained for over seven weeks in Tokyo after his arrest on charges of underreporting his salary for years as head of Renault’s alliance partner Nissan. Since then he has been charged with a host of allegations of financial impropriety, though he has yet to be formally charged and has denied all the claims.

Ghosn, once a towering figure in the vehicle industry, appeared handcuffed at a court hearing on Tuesday seeking to secure his release before trial, a request which was denied by a judge who declared he was a flight risk. One of his lawyers later conceded that Ghosn could spend a further six months behind bars before his case come...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now