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Carlos Ghosn was arrested with suspicion of shifting personal loss to Nissan: report




Carlos Ghosn stays behind the bars when prosecutors cited new suspicion that the former Nissan CEO changed personal loss to the car manufacturer.

This keeps Ghosn behind the bars for another two days with prosecutors who have the opportunity to extend freedom for as much as 20 days.

Prosecutors said they suspected that in October 2008, in the midst of the global financial crisis, Ghosn forced Temporary Nissan to take over a personal derivative contract of $ 16.6 million in losses at the time, according to the Wall Street Journal.

Ghosn eventually took back the contract on his personal books and received the help of an unidentified person by submitting a statement that supported his credit to the bank on the other side of the contract, the prosecutors said in a statement outlining their suspicion.

Then, between 2009 and 201[ads1]2, Ghosn had a subsidiary from Nissan transferred a total of $ 14.7 million to an account controlled by that person, said the statement.

These suspicions, if proven, would constitute "special breach of trust," a criminal violation under Japanese Companies Act which means a leader has abused his position on personal gain, said prosecutors.

Ghosn was accused on December 10 because he claimed his compensation for Nissan's accounts over a five-year period ended March 2015.

At the same time, the accusations accused New Ghost of undermining their compensation for the three years ending March 2018, using it as a basis for expanding his prison without a citizen.

On Thursday, the accusations suffered a rare loss after a referee rejected their request to hold Ghosn for ten days without the possibility of a citizen on the basis of the further suspicions.

It is rare for a court to reject a request to extend the period of deprivation, Tokyo Deputy Attorney General Shin Kukimoto said on Thursday.

The new suspicions came shortly before the planned citizenship hearing on Friday.

Ghosns lawyers said that the client maintains his innocence and hopes to restore his honor in the trial.



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