Nissan Motor Boss’ Detention: Court Denies Another Bail Request
A Japanese court has rejected another bail request by the lawyers of former Nissan Motor chairman Carlos Ghosn.
Recall that Ghosn has been in custody since his arrest in November over alleged financial misconduct. The Tokyo District Court made the decision four days after the 64-year-old’s lawyers filed a new request.
On Nov. 19, Tokyo prosecutors arrested Ghosn for allegedly understating his remuneration at Nissan and his right-hand man Greg Kelly on suspicion of collaborating with him.
The prosecutors indicted Ghosn, Kelly and Nissan in December over alleged under-reporting of Ghosn’s pay package by 5 billion yen (44 million dollars) from 2011 to 2015.
On Jan. 11, Ghosn, Kelly and Nissan were indicted once again for falsifying Ghosn’s income in the three years through March 2018, while the former chairman was also charged with a breach of trust.
In his first public appearance at a Tokyo court hearing on Jan. 8, Ghosn claimed he was innocent.
Ghosn, who was sent by French carmaker Renault to lead a turnaround at Nissan after its near-bankruptcy in 1999, has been held at the Tokyo Detention Centre for over two months.
