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Tags: APFN | AS | Japan | Nissan | Ghosn

Nissan's Ghosn to Appear in Court to Question His Detention

Nissan's Ghosn to Appear in Court to Question His Detention

Monday, 07 January 2019 08:38 PM EST

TOKYO (AP) — The former chairman of Japan's Nissan, Carlos Ghosn, is getting his day in court to demand the reason for his prolonged detention — his first public appearance since his November arrest.

Prosecutors in Tokyo charged Ghosn with falsifying financial reports in underreporting his income. Ghosn, revered in the global auto industry for saving the Japanese automaker from near bankruptcy, will get his first chance to directly tell his side of the story at Tuesday's courtroom hearing.

Sources close to Ghosn say he is maintaining his innocence, asserting the money, promised as income for later, was never decided on or paid.

In Japan, suspects are routinely held without bail, often due to fears about tampered evidence. Prosecutors have said that Ghosn, a Brazilian-born Frenchman of Lebanese ancestry, is a flight risk.

Nissan Chief Executive Hiroto Saikawa has publicly denounced Ghosn, accusing him of using company money and assets for personal gain, as well as underreporting compensation.

Ghosn was sent in by Renault SA of France in 1999 and led a spectacular turnaround at Nissan Motor Co. for two decades, during which he mostly served as chief executive.

Renault owns 43 percent of Nissan, while Nissan owns 15 percent of Renault. The alliance, which in recent years has added smaller Japanese automaker Mitsubishi Motors Corp., has risen to be one of the most successful in the industry, rivaling Volkswagen AG of Germany and Japan's Toyota Motor Corp.

Ghosn remains the head of Renault.

Ghosn's courtroom appearance has drawn worldwide attention, with throngs of cameras set up outside the Tokyo Detention Center on Tuesday to capture his departure. The Tokyo District Court said 1,122 people lined up to draw lots for the 14 courtroom seats allotted to the public. No cameras or audio recordings are allowed to document Japanese court sessions.

Ghosn's detention has also drawn attention to what critics deem "hostage justice" in Japan, where suspects are interrogated without a lawyer present. Some people have signed confessions to crimes they never committed to try to get out of the ordeal.

Ghosn's downfall was sudden, coming in a surprise arrest as his private jet landed in Tokyo on Nov. 19.

Greg Kelly, another Nissan executive and board member, was also arrested and charged with collaborating with Ghosn on the underreported income. Kelly, who was released on bail on Dec. 25, has said that he is innocent.

Tokyo prosecutors have repeatedly prolonged Ghosn's detention, adding on new allegations, with the latest being suspicion of breach of trust stemming from allegations that he had Nissan temporarily shoulder his personal investment losses.

Formal charges on those allegations have not been filed. No trial dates have been set for Ghosn or Kelly.

Ghosn's detention now runs through Jan. 11.

Ghosn has been charged with falsifying financial reports in under-reporting his pay by about 5 billion yen ($44 million) over five years through 2015.

Yuri Kageyama is on Twitter at https://twitter.com/yurikageyama

On Instagram at https://www.instagram.com/yurikageyama/?hl=en

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The former chairman of Japan's Nissan, Carlos Ghosn, is getting his day in court to demand the reason for his prolonged detention - his first public appearance since his November arrest.Prosecutors in Tokyo charged Ghosn with falsifying financial reports in underreporting...
APFN,AS,Japan,Nissan,Ghosn
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2019-38-07
Monday, 07 January 2019 08:38 PM
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