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Ex-Nissan boss Carlos Ghosn faces new charges of aggravated breach of trust | News | DW

21. December 2018
in Business
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Ex-Nissan boss Carlos Ghosn rearrested for aggravated breach of trust | News | DW
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Japan prosecutors have again arrested former Nissan executive Carlos Ghosn over new allegations of aggravated breach of trust, according to local media.

The Kyodo news agency said the new allegations were based on suspicions that Ghosn, who was the chairman of Nissan until the company ousted him in November, made the automaker cover personal investment losses of about 1.85 billion yen ($16.6 million, €14.5 million) in 2008

The new arrest means Ghosn could be detained for another 10 days in a Tokyo jail as prosecutors investigate the new charge.

Ghosn’s lawyers were hoping to get him released on bail, possibly as early as Friday, after a Tokyo court rejected a bid by Japanese prosecutors to extend his detention.

A month detained

The 64-year-old was initially arrested on November 19 and charged with underreporting his income from 2010-2015 and was later charged with the same crime covering the past three years. He faces up to 10 years in prison if convicted.

There was no immediate word on Greg Kelly, a former representative director for Nissan who was arrested along with Ghosn and accused of conspiring with him. 

Read more: Nissan seeks to block disgraced chairman from Rio apartment

Ghosn’s arrest has marked a dramatic downfall of a man credited with rescuing Nissan from bankruptcy in the late 1990s. He was the mastermind behind the Renault-Nissan-Mitsubishi alliance, a strategic automotive partnership, and chaired all three companies until recently.

The boards of Nissan and Mitsubishi dismissed Ghosn as chairman after his November arrest, he still holds the position at Renault, though the French carmaker has appointed an interim chairman.

Nissan has also been charged as part of the Ghosn affair for allegedly making false statements in annual reports.

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    Nissan Motor chairman Carlos Ghosn was arrested last month for alleged financial misconduct, having led a remarkable turnaround at the Japanese automaker, rescuing it from bankruptcy. An investigation continues into whether he under-reported his salary by 5 billion yen (€39 million $44.5 million) over five years from 2011.

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    Corruption shame blighted Siemens CEO

    In 2007, Siemens chairman Heinrich von Pierer stepped down following a corruption scandal during his time as CEO. During the investigation it emerged that Siemens had created a system of slush funds and fictitious consultancy contracts, while also paying huge bribes, totaling at least €1.3 billion euros to win foreign contracts. Pierer later agreed to pay €5 million in damages to the firm.

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    Weinstein’s notorious casting couch

    Once-powerful movie titan, Harvey Weinstein, has been accused by dozens of women of sexual misconduct ranging from harassment to rape. He is out on bail and has pleaded not guilty in New York to six counts reportedly committed against three women. The accusations against him spurred the #MeToo movement, where women worldwide have spoken up against sexual harassment and assault.

  • Sir Martin Sorrell (picture-alliance/AP Photo/M. Lennihan)

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    Sir Martin Sorrell, the founder of the global advertising powerhouse WPP, stepped down in April after 33 years. He denied accusations of personal misconduct and misuse of company assets. The Wall Street Journal alleged Sorrell had paid a sex worker on company expenses, which he responded were “scurrilous and salacious” claims.

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    Uber CEO Travis Kalanick resigned from his position in July 2017 after heavy pressure from several major investors in the San Francisco-based ride-hailing company. Concerns were raised about Kalanick’s management style, including allegations of sexual harassment and discrimination. Under his watch, the firm’s ruthless reputation has also been criticized by regulators. Author: Nik Martin

    Author: Nik Martin


dv/sms (AFP, AP, Reuters)

Every evening at 1830 UTC, DW’s editors send out a selection of the day’s hard news and quality feature journalism. You can sign up to receive it directly here.


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