Nissan ex-chair Ghosn appeal on extended detention rejected [FOX News]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: FOX News
Nissan ex-chair Ghosn appeal on extended detention rejected TOKYO – The decision Wednesday, conveyed to foreign media on Thursday, turns down the appeal by Ghosn's lawyers against an extension of his detention through April 22 that was approved Monday by the Tokyo District Court. Ghosn, first arrested in November, was released March 6 on bail, but was arrested again on April 4. He is charged with under-reporting his retirement compensation and with breach of trust. He denies any wrongdoing. Ghosn led Nissan for two decades, turning around the company from near-bankruptcy. Last week, Nissan's shareholders voted to remove him from Nissan's board.
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