Court denies extension of ex-Nissan chief Ghosn's detention

Tokyo (dpa) - A Japanese court on Thursday denied an extension of pre-trial detention for former Nissan chairman Carlos Ghosn, a court spokeswoman told dpa.

Ghosn, his aide Greg Kelly and the carmaker itself have been indicted over an alleged understating of Ghosn's pay package by about 5 billion yen (44 million dollars) over five years.
Ghosn has been in pre-trial detention since November 19. He could be freed soon, but authorities could arrest him again on a separate charge, according to news agency Kyodo.
Ghosn and Kelly are accused of having violated Japanese stock exchange regulations.
Brazilian-French-Lebanese business leader Ghosn spearheaded a remarkable turnaround at Nissan. Nissan and Mitsubishi both dismissed Ghosn as chairman while Renault decided to retain the 64-year-old as chairman and chief executive following the arrest in Tokyo.


Thursday, December 20th 2018

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