The Strategist

Carlos Ghosn rearrested in Japan

04/04/2019 - 11:37

Carlos Ghosn, Ex-Chairman of the Board of Directors of Nissan Motor, was re-arrested on Thursday on charges of financial irregularities during his term as Head of the Japanese automaker, AP reports.

Adam via flickr
Adam via flickr
Tokyo's prosecutors said that Ghosn’s arrest was caused by suspicion that he had appropriated $ 5 million from funds that were transferred from a Nissan subsidiary to a foreign distributor. The prosecutor's office suspects that the money went to a company, which was actually managed by Ghosn.

The prosecutor's office statement did not mention Oman, but the charge appears to be related to an investigation of the French partner Nissan in the Renault alliance about payments to a large dealership in Oman. Some of these tools were allegedly used for Ghosn ‘s personal purposes.

The latest charges relate to three money transfer operations from 2015 to last year, prosecutors said.

Ghosn’s representative made a statement saying that he was innocent.

“My arrest this morning is outrageous,” Ghosn said in a statement. “This is part of another attempt by some people in Nissan to silence me, is misleading prosecutors. What could be another reason for the arrest than wanting to break me? I will not be broken. ”

Ghosn was arrested in Tokyo on November 19th. In December, he was charged with misrepresenting financial statements by lowering his income by about 5 billion yen ($ 44 million) over five years to March 2015.

In January, the Tokyo prosecutor’s office accused Ghosn of breach of trust, stating that Nissan shifted its own losses from trading operations in 2008, and also paid a Saudi businessman from the company's funds.

In March, Ghosn was released on bail and on his own recognizance.

Ghosn denied the previous charges. Before another arrest, he wrote on Twitter that he would hold a press conference on April 11, at which he would tell "the truth about what is happening."