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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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Carlos Ghosn Formally Indicted – Could Face 10-Year Sentence

Former Nissan chairman accused of concealing income.

by Paul A. Eisenstein on Dec.10, 2018

Nissan Chairman Carlos Ghosn was still running the show when he appeared at a news conference at the Paris Motor Show in October.

Things went from bad to worse for the long-time head of the Renault-Nissan-Mitsubishi Alliance on Monday, prosecutors in Tokyo formally charging Carlos Ghosn with financial misconduct in a scandal that has rocked the global automotive industry.

Ghosn, along with Nissan board member Greg Kelly, were arrested on November 19th after their corporate jet touched down in the Japanese capital and immediately taken to the Tokyo Detention Centre where they have been held in solitary ever since. Ghosn, in particular, has not been accused of hiding about half of his $88 million income during a five year period beginning in 2010. He may face additional charges related to more recent years, according to Japanese media reports.

Breaking News!

If found guilty, the executive who was given credit for saving a nearly bankrupt Nissan in 1999 could face up to 10 years in prison, a 10 million yen, or $89,000, fine, or both. Nissan, however, could also face potential penalties as high as 700 million yen, or $6.2 million, for failing to catch the alleged scheme.

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