Mykotori

Carlos Ghosn indicted on fresh financial misconduct charges in Japan

Former Nissan head says he is innocent, meaning he could remain in detention until trial begins

Carlos Ghosn could remain in detention for several months after prosecutors indicted him on two new charges of financial misconduct, days after the former Nissan chairman insisted he had been wrongly accused.

Ghosn was charged with aggravated breach of trust and for understating his pay by 4.3 billion yen for three years through March 2018, the Tokyo district court said.

He had already been charged for underreporting his earnings by around 5 billion yen ($46m million) between 2010-15.

The third charge, of aggravated breach of trust, relates to allegations that he transferred 1.85 billion yen in personal investment losses to Nissan in 2008. Ghosn is also alleged to have used company funds to make unnecessary payments to a Saudi businessman.

Ghosn has repeatedly denied the allegations.

His lawyers said they would apply for their client to be released on bail, but conceded he was likely to remain in detention.

The 64-year-old, who led Nissan from near-bankruptcy two decades ago and transformed it into one of the world’s most successful automakers, reportedly came down with a fever on Wednesday evening and was unable to undergo questioning, a day after he issued a public rebuttal of the allegations against him during a special court hearing.

Original Source

 

DylanThomas

Add comment

Your Header Sidebar area is currently empty. Hurry up and add some widgets.