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Ghosn Indicted Again

This time Ghosn faces charges of “breach of trust,” as colleague Greg Kelly and Nissan also indicted.

by Paul A. Eisenstein on Jan.11, 2019

Former Nissan CEO Carlos Ghosn, shown here in January 2018, reportedly has lost over 20 pounds while in detention.

Nissan’s former Chairman Carlos Ghosn has been indicted again, this time on charged of breach of trust, a development that could again delay his release on bail.

The once-powerful executive has been held in solitary confinement in the Tokyo Detention Center since his arrest on November 19 and already faces charges related to claims he underreported his income by about $44 million between 2011 and 2015. Prosecutors are reportedly looking at other potential charges that arose from a months-long investigation conducted by Nissan.

Breaking News!

Ghosn, who claimed innocence during his first court hearing earlier this week, wasn’t the only one to face a legal setback on Friday. Prosecutors also laid out charges against the 64-year-old executive’s former colleague Greg Kelly, as well as Nissan itself.

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Ghosn Pleads Not Guilty in First Court Appearance

“I have been wrongly accused,” says former Nissan chief looking gaunt but defiant.

by Paul A. Eisenstein on Jan.08, 2019

Nissan Chairman Carlos Ghosn shown during an appearance at the Paris Motor Show in October.

Former Nissan Chairman Carlos Ghosn made his first public appearance since being unexpectedly arrested on financial corruption allegations Tuesday, telling a Tokyo court that he has been “wrongly accused.”

Ghosn has been held in solitary confinement in the Tokyo Detention Center since shortly after his corporate jet arrived at Haneda Airport on November 19th in a case that, while centered around claims of financial wrongdoing has also raised concerns about whether his arrest was influenced by Nissan’s desire to shake off the control of its alliance partner Renault. The French affiliate rescued the Japanese automaker from bankruptcy 20 years ago but has since dominated their partnership.

Breaking News!

“I have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations,” the 64-year-old Ghosn said while wearing handcuffs tied to a rope around his waist. “I believe strongly that in all of my efforts on behalf of the company, I have acted honorably, legally and with the knowledge and approval of the appropriate executives inside the company.”

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