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Prosecutors in Japan have charged former Nissan president Carlos Ghosn with two new charges of financial crimes. Ghosn, who has been in detention since November, has been charged with aggravated breach of trust and underestimation of his income. He had already been charged with under-reporting his pay over five years. Mr. Ghosn, whose detention has been criticized, has denied any wrongdoing. His lawyers said they would ask for bail, but experts say that it is very unlikely that this request will be accepted. The new charges are likely to keep the 64-year-old in jail until his first trial, according to his lawyers.
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What was he accused of?
Last year, Mr Ghosn was accused of not reporting his treatment for the five years prior to 2015. On Friday, a new charge asserted that he had underestimated his compensation for another three years . He was also charged with a new, more serious charge of breach of trust. Mr Ghosn, the architect of the Renault-Nissan alliance, is accused of shifting personal investment losses worth 1.85 billion yen (£ 13.4 million) for operations exchange with Nissan.
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Mr Ghosn is also accused of paying $ 14.7 million in payments to Saudi businessman Khaled al-Juffali, using Nissan funds in exchange for a letter. credit to help cover its losses related to its investments. If he is found guilty of financial misconduct, Mr. Ghosn incurs up to 10 years in prison and a fine of up to 700 million yen, according to Japanese regulators.
The Renault audit reveals that there is no fraud
After his arrest, Nissan and Mitsubishi removed Mr. Ghosn from his position as president. Renault has kept to his presidency, saying that he has yet to find any evidence of wrongdoing. On Thursday, the board of directors of the French company said that a survey on executive compensation has so far shown no signs of fraud. "The review process examined the compensation of the current members of the Renault Group Executive Committee for the fiscal years 2017 and 2018 and concluded that it was both in compliance with applicable laws and free from fraud", said group in a statement. the review process "will continue compared to previous years".
Who is Carlos Ghosn?
- His hero status was such that his life was serialized in one of Japan's famous comics.
- This boss of Lebanese origin and French nationality, born in Brazil, claims that his background has left him with a sense of difference, which has helped him adapt to new ones. cultures.
- In France, he was known as The Cost Killer, a comment on the deep cuts he's made to revive Renault.
- He has already been tipped as Lebanon's potential president, a measure he finally rejected because he already had "too many jobs"
- In a survey conducted in 2011, the Japanese wanted to run their country. Ghosn ranks seventh, ahead of Barack Obama (ninth)