Things aren’t looking so good for Carlos Ghosn after Japanese officials extended his prison stay for the second time, following his re-arrest on December 21, 2018. This, according to Autocar, follows a request by prosecutors to continue questioning him for 10 more days.
Ghosn had been expected to be released from prison on New Year’s Day, but the allegations in which he used Nissan to shoulder personal financial losses in the aftermath of the 2008 financial crisis has prompted further investigation. However, the Brazilian-born Frenchman has already been formally charged with financial misconduct in Japan, over claims that he under-reported his salary over a five-year period.
His lawyer, Motonari Otsuru, issued a written statement on December 23 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. Since then, Ghosn has been stripped of his chairman roles at Nissan and Mitsubishi, although he remains chairman and CEO of Renault.
If found guilty of the crimes, Ghosn could face a jail term of up to 10 years and fined up to £4.9 million (RM25.85 million) by Japanese financial regulators. Since his arrest, Ghosn has not had the chance to issue any public statement. His defence team denies the allegations, claiming that they are invalid because they do not relate to his salary but instead to future payments Ghosn was expected to receive after retiring.
Similarly, 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 allegedly masterminded the entire financial crime, was indicted as well. However, the court rejected a request to extend his detention, so he was released on Christmas Day.
Looking to sell your car? Sell it with Carro.
The authority will not let him go until he come out with new model replacing Almera.
I like your sense of humour. But seriously, this only shows that absolute power – which was granted to him as he freely reigned over the alliance – only corrupts absolutely. Lesson to be learned for all including us, Malaysians
Our Persona 1.6VVT the best replacing Almera.
Kek. Din I say them Jepunis lords will keep him in prison indefinitely? They will likely extend this until CNY or until he breaks and pleas guilty. No case for court, deswai they do this.
This is how they treat their foreign CEO saviour. If he knew this wud happen, he wud have quit and join Geely instead. Now even French lord cant help him.
That sly smirk reminds us of former PM. Lolz!
Sadly yes. Not yet proven guilty of anything yet got imprisoned. Such injustices from supposedly democratic governance. This is an abomination of justice and hypocrisy onto those who shout for democracy & justice.
He is being detained. Normal procedure worldwide. It does not break any law anywhere. He is not yet proven guilty, yes.
How many time Najib is being detained/remanded? does that prove he is guilty? All depend on the judge.
I can be remanded, u can be remanded, if they found enough ground to hold u. Its either u r cnfirm wrong or u r assisting the investigation.
This is a small case cum big due to the person involved.
There is no reason to be detained more than 24 hours. Anything more is considered imprisonment and imprisonment without any charges is considered breach of that party’s human rights. So where are the humanist went to? Where are their shouts for justice and fairness towards those who had been wronged?
Given his stature, for sure No Further Action.
This is what u get for mistreating the people who works for you…. Other CEOs watch out…. You could be next…
foreign corporations will be wary of doing business with japan after this scandal.
foreign corporations will be wary of doing business with japan after this scandal.