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Carlos Ghosn's detention was extended until January 11th



A court in Tokyo again on Monday approved a request from the prosecutor to extend the detention of former Nissan Motor Co. chairman Carlos Ghosn for alleged financial misconduct. This route should keep the car maker's rescuer behind bars until January 11th.

Ghosn, who was initially charged twice for allegedly undercutting his compensation, has been detained since November and received a new arrest warrant for alleged detention on December 21, 2008, with personal losses totaling ¥ 1.85 billion in the automaker's books transferred.

Ghosn has denied the allegations. The deadline for his current prison term was January 1st.

The unusual imprisonment of Ghosn, who was credited with saving the automaker as he vacillated before bankruptcy in the late 1

990s, has sparked criticism of Japan for so-called hostage justice, which extends indefinite detention, and on the Lack of lawyers to represent him during interrogations, which is the norm in Japan.

Ghosn and Greg Kelly, his close associates and former deputy director of Nissan They were arrested for the first time on 19 November because in the five years to March 2015 there was a suspicion that the fifteen billion yen of the former chairman in the Nissan's securities reports had been undervalued around five billion yen. Then they were again met with the same charge, but at a different time period.

The two men and the automaker were charged on 10 December for allegedly violating Japan's Financial Instruments Act.

Although Kelly, a US citizen, was released on bail on Tuesday, Tuesday, Ghosn's imprisonment was renewed on December 21 after he was handed another arrest warrant on suspicion of a gross breach of trust in Nissan.

This allegation includes the transfer of a derivative contract between Ghosn and its Shinsei Bank asset management agreement, headquartered in Tokyo, in October 2008. The transfer allegedly took place after the agreement reached an estimated loss of ¥ 1.85 billion ($ 16.6 million). Dollars) that resulted from the 2008 global financial crisis, which caused the bank to demand additional collateral, informed sources said about the matter.

The contract was transferred to the asset management firm of Ghosn after a Saudi Arabian acquaintance loan had been guaranteed. In return, Ghosn is suspected of using Nissan's Middle Eastern subsidiary to pay its acquaintance $ 14.7 million from 2009 to 2012.

Ghosn admitted to relocating the contract to Nissan, but denied any real loss to the company According to the information, he had temporarily needed the creditworthiness of the company and had no intention of using his funds to eliminate the loss.

He also admitted that payments were made to the acquaintance's company, but they said that some of Nissan's businesses had been outsourced, they said.


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