Nissan’s Carlos Ghosn remains in jail as Tokyo prosecutors add fresh allegations
Now the former chair is being accused of inflicting financial damage to the carmaker from his own unprofitable investments
Japanese prosecutors rearrested Nissan Motor’s former chair Carlos Ghosn on fresh, more serious allegations of financial misconduct, dealing a blow to the car titan’s efforts to end his month-long stay in jail and seek bail. In the latest twist in the drama that has shocked the global car industry, prosecutors said on Friday Ghosn is suspected of inflicting financial damage to Nissan from his own unprofitable investments. The rearrest gives prosecutors the right to detain Ghosn for at least a further 10 days and possibly longer, while potentially hurting his chances for bail after that. Ghosn’s lawyers declined to comment. While the charges against Ghosn had so far been related to a relatively arcane point of accounting — whether retirement payments were properly booked — the new accusations are for a misdeed that has an actual victim: Nissan. The prosecutors’ allegations are now more aligned with those of Nissan, which has accused Ghosn of misusing company assets and ousted him as ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.