Detention of Nissan's ex-chair Ghosn extended to April 22

Detention of Nissan's ex-chair Ghosn extended to April 22

"This arrest is illegal", the defense stated in one of the documents, dated April 5, the day after the re-arrest.

A Tokyo court on Friday made a decision to extend the detention of former Nissan Motor Co.

The Tokyo District Court on Friday ruled that Carlos Ghosn will remain in detention until April 22, as prosecutors grill the former Nissan boss over allegations of financial misconduct. He has denied any wrongdoing.

Ghosn's rearrest, which came after he tweeted while on bail that he was planning to hold a news conference "to tell the truth about what's happening", has infuriated his lawyers.

In December a year ago, the court turned down the prosecution's demand for an extension of his detention after Ghosn was served a second arrest warrant for allegedly violating the financial instruments and exchange law.

A Japanese court in principle grants bail when there is no risk of a suspect fleeing or destroying evidence.

More news: New York City Declares Health Emergency As Measles Outbreak Continues

Ghosn has already been indicted on charges of violating Japan's financial instruments law by underreporting remuneration to regulators, and aggravated breach of trust in relation to the alleged transfer of private investment losses to Nissan.

According to a source close to the matter, some of the $5 million for the yacht was funnelled to a British Virgin Islands-listed company - which has Carole Ghosn registered as president.

Nissan Motor Co. shareholders earlier this week removed Ghosn from its board, severing a near two-decade relationship with the once-feted auto executive who is widely credit for rescuing Nissan from near-bankruptcy in 1999.

NHK has learned the details of email exchanges that indicate funds from Nissan Motor had been channeled to dummy companies effectively owned by former Nissan Motor chairman Carlos Ghosn.

In a video statement released recently by his lawyers, Ghosn said some Nissan executives feared Renault would swallow Nissan and plotted against him.

In Paris, the new board of Nissan's alliance with Renault SA of France and smaller Japanese automaker Mitsubishi Motors Corp. met for the first time to plot out the group's future without Ghosn.

Related Articles