Ghosn loses appeal against detention, dimming bail prospects | Fin24
 
  • Load Shedding

    Schedules for Cape Town, Jhb, Durban, East London and Polokwane, plus links to more.

  • Power Cuts

    Everything you need to know about Pravin Gordhan's Eskom briefing, and what happens next.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Ghosn loses appeal against detention, dimming bail prospects

Jan 09 2019 17:32
Ma Jie, Bloomberg
Pedestrians pass by a television screen showing a

Pedestrians pass by a television screen showing a news program displaying a sketch of former Nissan chief Carlos Ghosn in the courtroom, in Tokyo on January 8, 2019, as the headline reads in Japanese 'Innocence claim.' (Photo credit BEHROUZ MEHRI/AFP/Getty Images)

Related Articles

Gaunt and graying Ghosn fights his corner in first court hearing

Handcuffed and roped up, Ghosn to address court in person

Nissan's Greg Kelly granted bail after month in Tokyo jail

Ghosn lawyer challenges latest financial misconduct allegations

 

Carlos Ghosn lost an appeal against his ongoing detention, diminishing prospects of an early release on bail for the auto industry icon fighting charges of financial misconduct while he was heading Nissan.

The Tokyo District Court rejected the petition filed by Ghosn’s defense team, according to a statement from the court shared with the media by the Foreign Press in Japan on Wednesday.

The former Nissan Chairman’s lawyers will appeal the decision in a higher court, NHK reported.

Wednesday’s decision by the judge means Ghosn could spend his time locked away in jail until an actual trial, which his main lawyer Motonari Otsuru has said may be as long as six months away. Ghosn’s current custody ends January 11, and prosecutors are likely to slap new charges or request another extension as they build a case against him.

Ghosn stands accused of understating his income over millions of dollars and transferring personal trading losses to Nissan, an allegation prosecutors call “breach of trust.”

In his first public appearance Tuesday since his arrest on November 19, Ghosn denied the wrongdoings in prepared remarks addressed to the court.

In his defense, the fallen titan offered a two-pronged response. Ghosn said that he had been wrongly accused and unfairly detained, terming the accusations “merit-less and unsubstantiated.”

He also painted a picture of a loyal company man who wouldn’t dream of harming a corporation for which he had “a genuine love and appreciation.”

renault  |  nissan  |  carlos ghosn  |  tokyo
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you think government can solve the Eskom crisis?

Previous results · Suggest a vote

Loading...