Sunday, 16 June, 2019

Ex-Nissan chair Ghosn indicted for alleged breach of trust

Ghosn suffers high fever, interrogation suspended Carlos Ghosn: Ex-Nissan chair faces 'two new charges'
Ginger Lawrence | 11 January, 2019, 23:54

Ghosn's detention was further extended after he was served with a third arrest warrant on December 21 for alleged aggravated breach of trust involving the transfer of personal investment losses to Nissan in 2008.

He spoke in a strong voice and passionately declared a "genuine love and appreciation for Nissan", saying he had acted "honourably, legally and with the knowledge and approval of the appropriate executives inside the company".

Ghosn, who denies the allegations, has shown no signs of backing down.

Following the latest indictment, Ghosn's defense counsel filed a request to the court to seek his release on bail.

The new charges will likely keep Mr Ghosn in prison until his first trial, according to his lawyers.

Ghosn and his close aide Greg Kelly were initially arrested on November 19 on suspicion of understating the former chairman's 10 billion yen remuneration by roughly 5 billion yen in Nissan's securities reports during the five years through March 2015.

The charges filed today allege that the under-reporting continued for another three years. The sum of the remuneration that was allegedly underreported totals about ¥9 billion ($83 million).

The allegations relating to criminal breach of trust centre on Ghosn's handling of investment losses and payments made to a Saudi businessperson.

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The Yomiuri Shimbun said $100 million from Ghosn's "CEO reserve" was paid to sales agents in five Middle Eastern countries.

It would be "very hard", said Motonari Otsuru. Nissan has dismissed Kelly from his role as a representative director.

Japan's prosecutors have faced criticism for a lack of clarity and communication on how they are handling the case, with Ghosn held in detention without charge for longer than would be permitted in the United Kingdom for a suspected terrorist.

Apart from prosecutors, only embassy officials and Ghosn's lawyers are allowed to visit him.

Japanese media, citing Ghosn's lawyers, said Thursday that he was suffering from a high fever and unable to meet investigators for questioning.

His wife Carole Ghosn issued a statement overnight out of Paris, expressing concern over his sickness.

"I am pleading with the Japanese authorities to provide us with any information at all about my husband's health. We are fearful and very anxious his recovery will be complicated while he continues to endure such harsh conditions and unfair treatment", she said. They were unable to do so on Thursday as a doctor at the Tokyo Detention House said he needed some rest.

A member of Ghosn's Japan-based legal team told Reuters that they would apply for bail after Ghosn's current detention period ends on Friday, but that his release would come next Tuesday at the earliest, should the court accept the application. Before his arrest, he had been scheduled to undergo surgery on December 7 in Tennessee, according to his family.