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Japanese court approves 10-day detention for Nissan’s ex-chairman

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A Japanese court has approved prosecutors’ request to keep Nissan’s former chairman Carlos Ghosn in detention for another 10 days.
By Associated Press Reporters
December 23 2018 5:47 AM
A Japanese court has approved prosecutors’ request to keep Nissan’s former chairman Carlos Ghosn in detention for another 10 days.
The Tokyo District Court said that the approval is for prosecutors to investigate further his third allegation of breach of trust for causing Nissan a loss of 1.8 billion yen (£12 million) in 2008.
Sunday’s extension allows prosecutors to keep Ghosn at the Tokyo detention house until New Year’s Day.
Ghosn and another executive Greg Kelly were arrested on November 19 and charged with underreporting Ghosn’s income for 2011-2015 by about five billion yen (£35 million).
Other charges for additional underreporting of Ghosn’s pay by about four billion yen (£28 million) are pending.
The latest allegation filed on Friday only applies to Ghosn and came a day after the court rejected prosecutors’ request for a longer detention of Ghosn and Kelly.
Kelly’s bail request filed by his lawyer on Friday is still pending and could come sometime after Christmas.
Prosecutors allege that Ghosn in 2008 transferred a private investment loss worth more than 1.8 billion yen to Nissan by manipulating an unspecified “swap” contract.

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