Tokyo Court Approves Ex-Nissan Chief Ghosn’s Detention Extension

Cornelia Mascio
Aprile 14, 2019

Ghosn's initial detention period was set to expire on Sunday, and had been widely expected to be extended by the maximum 10 days. The Tokyo District Court has not explained the reason behind its decision.

Ghosn was arrested in November, released on bail last month but re-arrested last week on fresh allegations. He has denied any wrongdoing.

Earlier this week, Japanese Prosecutors had asked Tokyo judges to question Carole Ghosn's role on financial misconducts of Carlos Ghosn, as she had been an acting Chair of a company through which Ghosn was accused of funneling Nissan's fund.

A Japanese court in principle grants bail when there is no risk of a suspect fleeing or destroying evidence.

His latest arrest is over breach of trust suspicions that payments by a Nissan subsidiary to an Oman dealership went to a company effectively run by Ghosn.

According to a source close to the matter, some of the $5 million for the yacht was funnelled to a British Virgin Islands-listed company - which has Carole Ghosn registered as president.

Ghosn has already been indicted on charges of violating Japan's financial instruments law by underreporting remuneration to regulators, and aggravated breach of trust in relation to the alleged transfer of private investment losses to Nissan.

Renault holds a 43.4 percent stake in Nissan, which has a 15 percent stake in its French partner without voting rights and a 34 percent share in Mitsubishi Motors.

The architect of the Nissan-Renault-Mitsubishi alliance called the re-arrest "outrageous and arbitrary".

In a video recorded on April 3 and broadcast this week, Carlos Ghosn once again proclaims his innocence, claiming to be the victim of a "conspiracy", a "betrayal" of a small team of Nissan leaders who wanted to fall to try to prevent a merger project with his ally Renault.

The handling of Ghosn's case has brought Japan's criminal justice system under global scrutiny, with practices such as detaining a suspect for long periods and conducting interrogations without a lawyer present likened by critics to "hostage justice".

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