Things aren’t looking so good for Carlos Ghosn after Japanese officials extended his prison stay for the second time, following his re-arrest on December 21, 2018. This, according to Autocar, follows a request by prosecutors to continue questioning him for 10 more days.
Ghosn had been expected to be released from prison on New Year’s Day, but the allegations in which he used Nissan to shoulder personal financial losses in the aftermath of the 2008 financial crisis has prompted further investigation. However, the Brazilian-born Frenchman has already been formally charged with financial misconduct in Japan, over claims that he under-reported his salary over a five-year period.
His lawyer, Motonari Otsuru, issued a written statement on December 23 explaining that his client’s actions did not constitute a breach of trust, and that the payments identified by prosecutors were made for work completed by an unidentified person at Nissan. Since then, Ghosn has been stripped of his chairman roles at Nissan and Mitsubishi, although he remains chairman and CEO of Renault.
If found guilty of the crimes, Ghosn could face a jail term of up to 10 years and fined up to £4.9 million (RM25.85 million) by Japanese financial regulators. Since his arrest, Ghosn has not had the chance to issue any public statement. His defence team denies the allegations, claiming that they are invalid because they do not relate to his salary but instead to future payments Ghosn was expected to receive after retiring.
Similarly, Nissan has also been charged by prosecutors as a corporation involved in the case, according to Japan broadcaster NHK. Former Nissan representative director Greg Kelly, who allegedly masterminded the entire financial crime, was indicted as well. However, the court rejected a request to extend his detention, so he was released on Christmas Day.
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