Japanese court extended the arrest of Carlos Ghosn

Japanese court extended the arrest of Carlos Ghosn

December 24, 2018 0 By autotimesnews

On Sunday, December 23, the Tokyo District Court extended the arrest of Carlos Ghosn, the former head of the Renault-Nissan-Mitsubishi alliance, for 10 days in connection with the new charges brought on Friday for 10 days. It is reported by Automotive News.

The court satisfied the requirement to extend the arrest of the Japanese prosecutor’s office, which Ghosn suspects that while being the head of Nissan, he copied personal losses to the company due to a loss-making contract worth more than 1.8 billion yen (about $ 16.6 million) . Thus, Carlos Ghosn will be released from custody not earlier than January 1, 2019.

Former head of the Renault-Nissan-Mitsubishi car alliance, Carlos Ghosn, could be released on bail on 21 December. Earlier, the court rejected the request of the Japanese prosecutor’s office to extend the sentence of Carlos Ghosn in the previous case. The top manager is also accused of concealing revenues in the amount of 5 billion yen (about 44 million dollars).

The first time Ghosn was detained on November 19th. The prosecutor’s office believes that in five years a top manager declared only half of his income. In this case, the undeclared funds were to be paid to him as a severance pay after leaving the company. Under Japanese law, the severance pay must also be declared. The Tokyo prosecutor’s office also filed charges against former Nissan board member Greg Kelly.