621x74.gif

China Daily

News> Business> Content
Thursday, January 10, 2019, 23:54
Ghosn, Nissan under fire as ex-chief falls ill
By Xinhua
Thursday, January 10, 2019, 23:54 By Xinhua

This courtroom sketch depicts former Nissan chairman Carlos Ghosn attending his hearing at the Tokyo district court on January 8, 2019. (MASATO YAMASHITA / JIJI PRESS / AFP)

TOKYO – Japan's securities watchdog filed a complaint against ousted Nissan Motor Co Chairman Carlos Ghosn and the company itself on Thursday, over suspicions the embattled former chief doctored remuneration reports. 

According to the Securities and Exchange Surveillance Commission, both Ghost and Nissan were alleged to have under-reported Ghosn's pay package in the company's securities reports presented to Japanese regulators. 

Ghosn's lawyer said Thursday that a doctor attending to the 64-year-old has said that he has been suffering from a high fever since Wednesday and needed to rest 

The allegation of the misreporting of remuneration spans the three-year period through last March, the securities watchdog said, and has accused both Ghosn and Nissan of violating Japan's Financial Instruments and Exchange Act. 

Ghosn was initially arrested on Nov 19 last year for allegedly understating about 5 billion yen (US$45 million) of his 10-billion-yen compensation during the five years through March 2015. 

READ MORE: Tokyo court says extends detention of Ghosn until Jan 11

The latest development in the ongoing saga involving Ghosn, currently detained at the Tokyo Detention House since his arrest in November, comes as the automotive heavyweight has been suffering from a high fever, leading to his interrogation being suspended. 

Ghosn's lawyer said Thursday that a doctor attending to the 64-year-old has said that he has been suffering from a high fever since Wednesday and needed to rest. 

On Wednesday, the Tokyo District Court rejected a request filed by Ghosn's defense counsel to end his detention. 

The court's decision came a day after Ghosn appeared in court, the first public appearance since his arrest. He robustly maintained his innocence regarding all allegations of financial improprieties. 

Ghosn heard from the presiding judge at his hearing that his ongoing detention was in part due to concerns he might try to destroy key evidence and that he was also a flight risk. 

The ousted chairman has rigorously maintained he has in no way violated Japan's financial instruments law and has also claimed that allegations he transferred personal investment losses to Nissan during the 2008 global financial crisis, which led to his detention in Tokyo being extended, were baseless. 

Ghosn's detention is scheduled to end Friday and prosecutors by this time must make an ultimate decision as to whether or not to indict him. 

His chief lawyer has said that Ghosn could theoretically be detained for a minimum of another six months, citing the complexities of the case and said that bail is unlikely to be granted as he has unequivocally denied all allegations against him. 

Sources close to the matter said Thursday that Japanese prosecutors are likely to indict him on Friday. 

Share this story

CHINA DAILY
HONG KONG NEWS
OPEN
Please click in the upper right corner to open it in your browser !