Carlos Ghosns detention extended until April 22, appeals to Japans SC

Court approves extended detention of Carlos Ghosn
The Latest: Renault-Nissan-Mitsubishi eyes post-Ghosn plan
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14 April, 2019

Chairman Carlos Ghosn leaves his lawyer's office in Tokyo's Chiyoda Ward on April 3, 2019, the day before he was re-arrested.

The Tokyo court on Friday authorized the prolongation of custody of Carlos Ghosn until April 22, in connection with new charges of alleged malpractices that interrupted his short period of freedom.

Ghosn was rearrested over breach of trust allegations.

Since his re-arrest on April 4 at his home in Tokyo, barely a month after his release on bail, the fallen vehicle magnate is in the prison of Kosuge district (north of the capital), where he is regularly interrogated by the investigators of the prosecutor's office.

The Tokyo District Court approved prosecutors' request to continue to hold Ghosn.

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

Ghosn has been charged with falsifying financial documents in underreporting his compensation, and with breach of trust in using Nissan Motor Co. money for dubious payments.

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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 US -based startup called Shogun, owned by Ghosn's son.

Her company, based in the British Virgin Islands, a known tax haven, is thought to have possibly received the funds which were used in part to purchase a luxury yacht worth 1.6 billion yen ($14 million) for use by the Ghosn family.

Ghosn's almost two decades of leadership of the Japanese automaker came to a sudden end after his initial arrest in November.

The new board of Nissan's alliance with Renault SA of France and Japanese automaker Mitsubishi Motors Corp. met Friday in Paris for the first time to plot out the group's future without Ghosn.

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.

In a video message released earlier this week by his lawyers, Ghosn maintained his innocence and claimed that he had been "the victim of a conspiracy at Nissan involving other executives".


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