New criminal charge made against Ghosn

Jiji PressTOKYO (Jiji Press) — Public prosecutors indicted former Nissan Motor Co. Chairman Carlos Ghosn on Friday on an additional charge of aggravated breach of trust for transferring his private losses to the automaker.

The special investigation squad of the Tokyo District Public Prosecutors Office also indicted Ghosn, 64, the same day on an additional charge of hiding some of his executive pay for the past three years in violation of the Financial Instruments and Exchange Law.

According to informed sources, Ghosn denies all the charges.

The disgraced automotive titan is also suspected of sending Nissan funds to acquaintances in Lebanon and Oman.

The prosecutors asked related countries for help to continue investigations, suspecting that Ghosn used Nissan for private purposes, the sources said.

The prospectors also indicted on Friday Nissan as a corporate organization and former Nissan Representative Director Greg Kelly, 62, who was released on bail in December after being served with a fresh arrest warrant as a conspirator in hiding the executive pay of Ghosn, for allegedly violating the financial instruments law.

Ghosn had been already indicted for underreporting his pay for the five years through fiscal 2014. Including the latest charge, a total of over ¥9.1 billion in Ghosn’s pay was allegedly understated in eight years.

Following the indictments, his defense team requested an end to his detention.

According to the indictments and other sources, Ghosn transferred financial derivatives contracts with appraisal losses worth some ¥1.85 billion to Nissan from an asset management company for him in October 2008.

When returning the contracts to the asset management firm in February 2009, Saudi businessman Khaled Al-Juffali provided a credit guarantee.Speech

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