Court approves extended detention of Carlos Ghosn

Marco Green
April 14, 2019

Ghosn was arrested for the fourth time last week on suspicion that he had tried to enrich himself at Nissan's expense, to the tune of $5 million. It is unclear when he might be released.

Ghosn's defense team, in documents prepared after Ghosn was arrested for the fourth time by Tokyo prosecutors last week - and the details of which have not been reported earlier - allege the recent arrest was created to interrupt the defense's preparation and force a confession.

Renault Chairman Jean-Dominique Senard leads the new board, which includes the CEOs of all three carmakers and met Friday in Paris.

Japanese media have reported that some of the money from the Oman dealership may have gone to a company, Beauty Yachts, run by Ghosn's wife Carole, while other money may have gone to a USA -based startup called Shogun, owned by Ghosn's son. It will oversee shared projects such as developing batteries and more autonomous driving functions in their cars. The scandal also remains a troubling distraction.

Besides, a Nikkei Newspaper had disclosed earlier on Wednesday (April 10th) that Carole Ghosn, wife of Carlos Ghosn could be questioned by the Japanese authorities as early as on Thursday (April 11th). He says the compensation was never decided, investment losses never occurred and the payments were for legitimate services.

Carole Ghosn has said her husband and she are innocent.

Long detention and multiple arrests are routine in Japan, but rearresting a person who already cleared bail as Ghosn did before is unusual. His lawyers have protested against the detention, saying it is unfair.

Ghosn spearheaded a significant turnaround at Nissan about 20 years ago, helping to revive the carmaker from near bankruptcy under a capital alliance with Renault.

Nissan and Mitsubishi Motors ousted Ghosn as chairman following his arrest in November, while he was resigned as chairman and chief executive of Renault in January. It's also believed the Nissan funds had been redirected through the personal bank account of an Indian senior official at the dealership, and by other means.

Other reports by Click Lancashire

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