Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Nissan's Ghosn indicted on two new charges

Video Credit: Reuters Studio - Duration: 01:46s - Published < > Embed
Nissan's Ghosn indicted on two new chargesCarlos GhosnCarlos Ghosn

Nissan's Ghosn indicted on two new charges

Tokyo prosecutors have indicted former Nissan Chairman Carlos Ghosn on two new charges of financial misconduct, adding to the legal challenges for the once-feted auto executive.

Ed Giles reports.


Nissan's Ghosn indicted on two new charges

Prosecutors in Tokyo issued new indictments for Carlos Ghosn on Friday (January 11) on two new charges of financial misconduct.

The former Nissan chairman was once an auto industry superstar, praised for rescuing the company from bankruptcy.

Now prosecutors say he could face up to 15 years on prison.

He's now been officially charged over temporarily transferring investment losses to Nissan in 2008 and for understating his income from 2015 to 2017.

He's been detained in Tokyo since his arrest in mid-November.

Friday's indictments add to an already-existing charge for Ghosn of misrepresenting his income for a five year period leading up to 2015.

At the same time, Nissan itself along with former executive Greg Kelly were also indicted for under-reporting Ghosn' income.

Ghosn's legal team said they've also applied for bail for their client, but in Japan it's uncommon for defendants who've denied their charges to be granted bail before trial.

On Tuesday (January 8) Ghosn declared his innocence in a Tokyo court, calling the allegations meritless and unsubstaniated.

That was his first public appearance since last year's arrest.

At a press conference the same day, Ghosn's legal team disputed the criminal nature of the case and expressed their concern over his health after weeks in detention.

Also saying Ghosn may have to endure many more months of similar conditions before trial.

(SOUNDBITE) (Japanese) LEAD LAWYER FOR FORMER NISSAN CHAIRMAN CARLOS GHOSN'S LEGAL TEAM, MOTONARI OTSURU, SAYING: "His face looked thinner so I think he has lost quite a lot of weight.

I'm afraid it will take at least another six months until the first trial takes place." Also on Friday (January 11) Nissan canceled the lease on Ghosn's luxury Tokyo apartment as the automaker tries to cut ties with their former chairman.

Recent related news from verified sources

Tokyo court denies Nissan Ghosn's latest bail request

The Tokyo District Court on Tuesday denied former Nissan Motor Co Ltd Chairman Carlos Ghosn's request...
Credit: Reuters - Published - BusinessAlso reported by •

Key dates in the investigation of Nissan ex-Chairman Ghosn

Ousted Nissan Motor Co Ltd Chairman Carlos Ghosn was indicted on two additional charges of financial...
Credit: Reuters - Published - Business

Mitsubishi board considers new allegations against Ghosn

TOKYO (AP) — Mitsubishi Motors CEO Osamu Masuko says the Japanese automaker's board has met and...
Credit: - Published - Business

Tokyo court says it is rejecting the second bail request from Nissan's ex-chair Carlos Ghosn, detained for two months

TOKYO (AP) — Tokyo court says it is rejecting the second bail request from Nissan's ex-chair Carlos...
Credit: New Zealand Herald - Published - WorldAlso reported by •Reuters

Nissan's Ghosn offers to wear electronic ankle tag for bail

Ousted Nissan Motor Co Chairman Carlos Ghosn has offered to wear an electronic ankle tag and hire...
Credit: Reuters - Published - Front Page

You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest