Former Nissan boss Carlos Ghosn has been indicted by prosecutors in Japan on a fresh charge of aggravated breach of trust. <\/p>\n\n\n\n
It is the fourth charge brought against Mr Ghosn and relates to the alleged misuse of company funds. <\/p>\n\n\n\n
The 65-year-old is in detention in Tokyo and his lawyers have applied for bail. <\/p>\n\n\n\n
Mr Ghosn, who denies any wrongdoing, has said the allegations are a result of a plot against him. <\/p>\n\n\n\n
He was first arrested in November and spent 108 days in custody. While out on bail pending a trial, the former auto boss was re-arrested in Tokyo on 4 April.<\/a><\/p>\n\n\n\n Prosecutors allege that Mr Ghosn made a multi-million-dollar payment to a Nissan distributor in Oman, and that as much as $5m (\u00a33.8m) was funnelled to an account controlled by Mr Ghosn.<\/p>\n\n\n\n The company he once ran, Nissan, has filed its own criminal complaint against Mr Ghosn, accusing him of directing money from the company for his own personal enrichment. <\/p>\n\n\n\n Mr Ghosn was first charged with under-reporting his pay package for the five years to 2015.<\/p>\n\n\n\n In January, a new charge claimed he understated his compensation for another three years. He was also indicted on a fresh, more serious charge of breach of trust.<\/p>\n\n\n\n The fall from grace for the industry titan has attracted global attention. The case has also put a spotlight on fighting within the carmaker alliance and on Japan’s legal system.<\/p>\n\n\n\n Mr Ghosn was the architect of the alliance formed between Japan’s Nissan and French carmaker Renault, and brought Mitsubishi on board in 2016.<\/p>\n\n\n\n He is credited with turning around the fortunes of Nissan and Renault over several years. <\/p>\n\n\n\n Earlier this month Mr Ghosn said the allegations were a plot and conspiracy against him, accusing Nissan executives of “backstabbing”.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Former Nissan boss Carlos Ghosn has been indicted by prosecutors in Japan on a fresh charge of aggravated breach of trust. It is the fourth charge brought against Mr Ghosn and relates to the alleged misuse of company funds. The 65-year-old is in detention in Tokyo and his lawyers have applied for bail. Mr Ghosn, who denies any wrongdoing, has… Read more »<\/a><\/p>\n","protected":false},"author":124,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3726","post","type-post","status-publish","format-standard","hentry","category-article"],"_links":{"self":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts\/3726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/users\/124"}],"replies":[{"embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/comments?post=3726"}],"version-history":[{"count":1,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts\/3726\/revisions"}],"predecessor-version":[{"id":3727,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/posts\/3726\/revisions\/3727"}],"wp:attachment":[{"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/media?parent=3726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/categories?post=3726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/baileyonlineclassroom.com\/theamericasblog\/wp-json\/wp\/v2\/tags?post=3726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}