Carlos Ghosn indicted on new charges by Tokyo prosecutors [Business News Network (BNN) Energy & Resources (Canada)]
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Source: Business News Network
Carlos Ghosn indicted on new charges by Tokyo prosecutors Carlos Ghosn was indicted on new charges of misdirecting company money for his personal use, the most serious allegations yet against the former chairman who once led the alliance between Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. Using foreign corporate entities in 2017 and 2018, Nissan lost US$5 million that was funneled into accounts controlled by Ghosn, Japanese prosecutors said in a one-page statement Monday. While that was less than the amount they initially indicated when they arrested Ghosn again earlier this month, the allegations are the first to suggest that the former global auto executive directly transferred money from the company for personal gain. After Ghosn’s first arrest, Nissan and Renault uncovered payments made through companies in Oman and Lebanon that allegedly were used for his personal gain, including corporate jets and a yacht. Ghosn’s lawyer, Junichiro Hironaka, applied for his release
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