Published: Fri, January 11, 2019
Economy | By

Carlos Ghosn indicted on two new charges

Carlos Ghosn indicted on two new charges

Only embassy officials and Ghosn's lawyers are allowed to visit him.

Japanese prosecutors plan to indict Ghosn on two more charges of financial misconduct on Friday, a person with knowledge of the issue said, bringing the total number to three.

Mr Ghosn, who has been detained since November, was charged with aggravated breach of trust and understating his income.

But afterwards Ghosn's lawyer said it would be "very difficult" to win bail and it could be months before his case is heard.

One of his lawyers later conceded that Ghosn could spend a further six months behind bars before his case comes to trial.

With each allegation against Ghosn, prosecutors can seek up to 22 days of detention to investigate the claims - the period for the aggravated breach of trust allegation expired Friday.

Ghosn, 64, says he's innocent.

In his statement, Ghosn also listed his achievements during his time as head of Nissan, and added: "I have a genuine love and appreciation for Nissan". He also said the payments to the businessman, Khaled Al-Juffali, via a Nissan subsidiary, were compensation for taking care of hard business problems in the Middle East.


"I am pleading with the Japanese authorities to provide us with any information at all about my husband's health. We are fearful and very anxious his recovery will be complicated while he continues to endure such harsh conditions and unfair treatment", she said. Such visits were canceled Thursday but resumed Friday.

"We took these steps today because we believed that they are cases worthy of indictment and going to trial", said deputy chief prosecutor Shin Kukimoto.

Ghosn has been interrogated daily but now will only be questioned with his consent, Kukimoto said.

A prosecutor's office spokeswoman said charges against Ghosn carry a maximum prison sentence of 15 years.

The breach of trust charge alleges that 1.8 billion yen ($16.7 million) in damage was caused to Nissan through transactions made by Ghosn, and that $14.7 million was paid to the Saudi businessman.

Before his sudden downfall, Ghosn was a respected figure in the global auto industry, having rescued the Japanese automaker from near-bankruptcy, building its sales operations and profits and pioneering ecological vehicles.

Renault's board said an independent review had looked into the compensation of the group's executive committee during the financial years 2017 and 2018 "and has concluded that it is both in compliance with applicable laws and free from any fraud".

Nissan said Friday it has filed its own criminal complaint against its former chief "on the basis of Ghosn's misuse of a significant amount of the company's funds". From the start of the meeting, it has been reiterated that the Board remains steadfast to their alliance partnership with Mitsubishi and Renault as well.

Like this: