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Japan court extends Ghosn detention by 10 days



FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference on the second day of the Paris Auto Show, Paris, France, October 3, 201

8. REUTERS / Regis Duvignau / Photo Photo

TOKYO (Reuters) – Nissan Motor Co ( 7201.T ) chairman Carlos Ghosn, who is facing new allegations of making the car maker shoulder $ 16.6 million in personal investment losses.

Ghosn wants to stay in Tokyo's main detention center, where he has been confined since his arrest last month on initial allegations of financial misconduct.

Ghosn was re-arrested on Friday based on suspicions that around October 2008 he shifted personal trades to Nissan to make it responsible for 1.85 billion yen ($ 16.6 million) in appraisal losses, prosecutors said.

They say the move is inflicted damage on Nissan by having a deposit of $ 14.7 million on four occasions between June 2009 and March 2012.

Reporting by Daniel Leussink; Edited by Darren Schuettler

Our Standards: The Thomson Reuters Trust Principles.

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