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profishingrods.com January 24, 2019


Former Nissan chairman Carlos Ghosn charged with breach of trust in Japan

13 January 2019, 12:18 | Joann Bryant

Carlos Ghosn indicted on two new charges

Carlos Ghosn: Ex-Nissan chair faces 'two new charges'

Nissan's former chairman Carlos Ghosn has recovered from a fever, his lawyer Motonari Ohtsuru said Friday as the 64-year-old executive's latest detention period was set to expire.

He was already charged for allegedly understating his income for the five years leading up to 2015.

In addition, it is no longer making payments on his residence in Paris, the person added on condition of anonymity due to the sensitivity of the matter.

Tokyo prosecutors on Friday indicted ousted Nissan Motor Co.

Prosecutors also filed charges Friday against Nissan and Greg Kelly, an aide to Ghosn, over the understatement of pay.

According to the indictments and other sources, Ghosn transferred financial derivatives contracts with appraisal losses worth some ¥1.85 billion to Nissan from an asset management company for him in October 2008.

A request filed the same day by his lawyers to end his detention was rejected.

Reuters had reported earlier on Friday that the Japanese automaker was looking into decisions made in the United States by Munoz who led Nissan's North American operations from 2016 to 2018.

Otsuru said his team was applying for bail to have Ghosn released.

Carlos Ghosn could spend the next year in a Tokyo jail awaiting trial after he was indicted for the second time since his arrest almost two months ago.




Ghosn's prolonged detention has also raised foreign awareness of the Japanese justice system that has come under fire internationally for allowing suspects to be detained nearly indefinitely.

Kelly, in contrast, was released on bail on December 25 and his lawyer said Friday he has since undergone surgery for spinal stenosis at a hospital in Ibaraki Prefecture and moved to a residence approved by the court. His lawyers can appeal in a higher court.

Nissan last weekend put two executives close to Ghosn on leave of absence, suggesting that the internal investigation into the alleged misconduct could be spreading.

Visits from lawyers, family and friends are strictly controlled by prosecutors in Japan, making it hard for suspects to establish a defense or give their side of the story to the media.

His wife Carole Ghosn has issued a statement expressing concern over his illness.

"We are fearful and very anxious his recovery will be complicated while he continues to endure such harsh conditions and unfair treatment", she said in a statement.

A veteran judge also said that pretrial procedures, including narrowing down points of dispute, for Ghosn's case could take a year or more.

With the latest move, Ghosn and Kelly have been indicted for all the cases for which they were arrested.

The boards of the two companies met Thursday for an update on the investigations, and Nissan later said in a statement that it remains committed to the alliance.

Visits and questioning of the once high-flying industry titan were postponed after Ghosn developed a fever on Wednesday evening.



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