Ghosn faces new charges

Top Stories

»	Economists don’t expect RBI to exhibit any urgency to tighten policy rate
»	Gold, silver prices gain up to 3 pc on weak dollar, oil prices
»	Strong reserves, stable policy make India standout in emerging markets: Moody's
»	Sensex, Nifty slip in early trade on fresh geopolitical jitters
»	Sensex, Nifty surge 1 pc in early trade over de-escalation hopes, assembly poll result trends

IANS | 11 Jan, 2019
Ousted Nissan Motor Chairman Carlos Ghosn, who has been under arrest for alleged financial misconduct, was on Friday hit with new charges and was accused of misreporting his compensation through 2018 and abusing his position for personal gain.

Tokyo prosecutors accused Ghosn of misreporting his compensation by tens of millions of dollars during a three-year period that ended in March 2018, reports Efe news.

The latest indictment means Ghosn is eligible for bail. The former Chairman's lawyer is set to file for his release on Friday.

Ghosn's alleged co-conspirators, Nissan Director Greg Kelly and Nissan Motor, were also indicted for the alleged misreporting.

Ghosn, Kelly and Nissan were previously indicted on December 10 on similar allegations related to financial statements filed over a five-year period that ended in March 2015.

Nissan has expressed regret over the case but hasn't said whether it will contest the allegations.

Ghosn has called the charges against him "baseless" and Kelly, who is currently out on bail, has maintained his innocence.

Ghosn faces an additional charge of breach of trust related to a series of transactions with Saudi Arabian businessman Khaled al Juffali.