Former Nissan Chairman Carlos Ghosn Charged with Fresh Allegations
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Former Nissan Chairman Carlos Ghosn Charged with Fresh Allegations 

The former chairman of Nissan, Carlos Ghosn, has been arrested again and charged with fresh allegations of financial misconduct. Prosecutors alleged that he had passed on personal investment losses of $16.6m to Nissan. This means Carlos Ghosn could be held for another 10 days in a Tokyo prison for the offence.

As the investigation executed a month ago, Ghosn was arrested along with Greg Kelly, a former representative director for Nissan, for misconduct over the reporting of his income. He was later formally charged. He can face up to 10 years in prison if convicted.

After Tokyo district court refused the Japanese prosecutors to extend his detention, Ghosn’s lawyers were hoping that he could be freed on bail, possibly as early as Friday.

Just hours before his new arrest, he had declared to restore his good name in court and hold a press conference once he was released. Speaking through his lawyer and quoted by Japanese public broadcaster NHK, Ghosn said, “Things as they stand are absolutely unacceptable. I want to have my position heard and restore my honour in court.”

Television camera team had also grouped outside the Tokyo jail on Friday morning in hopes of catching sight of Ghosn being released.

Carlos Ghosn was initially arrested on November 19, for under reporting his income from 2010-2015. The boards of Nissan and Mitsubishi dismissed Ghosn from the chairman position after his November arrest, although he still holds the position at Renault.

Nissan, which removed him as its chairman after showing public the result of its own investigation, claims he also misused company funds. Nissan has also been accused as part of the Ghosn scenario for allegedly making false statements in its annual reports.

According to Japanese media, Ghosn had admitted signing documents to postpone some part of his salary until after retirement but the amount can’t be declared as it had not yet been definitively fixed.

Carlos Ghosn is believed to have attempted to put off a portion of his salary to avoid criticism from Nissan employees and shareholders that he was being paid too much.

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