Published On: Fri, Apr 19th, 2019

Ghosn to be indicted on fresh charge – media

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According to sources, Tokyo prosecutors will indict the former auto tycoon on suspicion that he had used the money from Nissan for his personal investments into 30 companies

Published 6:32 PM, April 19, 2019

Updated 6:53 PM, April 19, 2019

MORE CHARGES. Former Nissan chief Carlos Ghosn faces another financial misconduct charge. AFP photo

MORE CHARGES. Former Nissan chief Carlos Ghosn faces another financial misconduct charge. AFP photo

TOKYO, Japan– prosecutors will indict former Nissan chief Carlos Ghosn on a new charge on Monday, April 22, when his detention period over suspected financial misconduct expires, local media reported Friday.

The 65-year-old is being questioned in a Tokyo detention centre over allegations he siphoned off millions of dollars from his former company Nissan to a dealership in the Middle East for his own ends.

Ghosn strenuously denies the allegations and insists they have been cooked up in a “plot” by Nissan executives wary of plans to bring the Japanese car giant closer to its French partner Renault.

On Friday, public broadcaster NHK cited unnamed sources as saying that Tokyo prosecutors will indict the former auto tycoon as early as Monday on suspicion that he had used the money from Nissan for his personal investments into 30 companies.

Kyodo News said the prosecutors decided to indict Ghosn on April 22.

NHK reported that about 3 billion yen ($26.8 million) transferred to an American firm named Shogun Investments, run by Ghosn’s son, had been spent on investments in at least 30 companies.

Tokyo prosecutors are also considering questioning Ghosn’s son, according to NHK.

Ghosn had already spent 108 days in custody over three other charges of alleged financial malpractice — accused of two counts of deferring part of his salary and concealing this from shareholders and another charge of seeking to shift personal losses to the company.

He has already won bail once over the first three charges. – Rappler.com

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