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Former Nissan chair Ghosn arrested again

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Japanese prosecutors have re-arrested former Nissan chairman Carlos Ghosn for a third time today, accusing him of aggravated breach of trust in transferring personal investment losses to the automaker.

Ghosn was first arrested last month for allegedly underreporting his pay between 2011 and 2015. While Nissan and Mitsubishi sacked Ghosn as chairman soon after his arrest, Renault has kept him on as chairman.

The latest development came just as it had appeared that he might be released on bail. Ghosn could now face another 10 days in detention.

Prosecutors have stated: “The accused was responsible for managing Nissan’s overall operations and for dutifully fulfilling his role as chief executive not to cause damage to Nissan and its subsidiaries … but he took action that betrayed his role and caused financial damage to Nissan.”




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