Skip to content
Advertisements

Nissan ex-chair Ghosn’s appeal on detention turned down

Tokyo: Japan’s Supreme Court has turned down an appeal by the lawyers for Nissan’s former Chairman Carlos Ghosn to end his detention following his arrest for the fourth time on financial misconduct allegations.

The court decision came Friday, and was relayed to foreign media on Monday.

Ghosn was arrested in November and released on bail last month, but was arrested again on April 4.

He’s been charged with falsifying financial documents in under-reporting his retirement compensation and with breach of trust in dubious payments.

He says he’s innocent, noting that the compensation was never decided and claiming the payments were legitimate.

His detention has been approved through April 22, but can be extended. It’s unclear when his trial will start.

Long detentions and multiple arrests are routine in Japan, but rearresting a person who cleared bail, as Ghosn did, is unusual.

Ghosn led Nissan for two decades, rescuing it from the brink of bankruptcy. Shareholders voted him off the company’s board last week.

In a video released by his lawyers before his latest arrest, Ghosn said some executives plotted against him in what he called a “conspiracy” over unfounded fears about losing Nissan’s autonomy to alliance partner Renault SA of France.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: