Former Nissan chairman Ghosn appears in Tokyo court

Former Nissan chairman Carlos Ghosn, center, arrives at Tokyo District Court for a pre-trial meeting in Tokyo Thursday, May 23, 2019. Ghosn, who is out on bail, has been charged with under-reporting his post-retirement compensation and breach of trust in diverting Nissan money and allegedly having it shoulder his personal investment losses., lawyer of (Ren Onuma/Kyodo News via AP) Former […]

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Tokyo prosecutors detail Ghosn's alleged cash transfer in revised indictment: Kyodo

TOKYO (Reuters) – Tokyo prosecutors have filed a request to revise the content of their indictment of Carlos Ghosn for aggravated breach of trust, providing further details on alleged cash transfers involving the former Nissan boss and a Saudi friend, Kyodo news reported. Ghosn has been charged on several counts of financial misconduct and of allegedly enriching himself at Nissan […]

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Ex-Nissan boss Carlos Ghosn banned from living with wife as he is released on bail

Carlos Ghosn has been released on bail for a second time – but only after restrictions on contact with his wife that he described as “cruel and unnecessary”. The former Nissan and Renault boss was freed from custody after posting a 500 million yen (£3.5m) bail following his latest arrest over claims of financial misconduct, which he denies. A Tokyo […]

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Nissan shareholders sever last ties with ousted Ghosn

TOKYO (Reuters) – Nissan Motor Co shareholders ousted erstwhile boss Carlos Ghosn as a director on Monday, severing his last ties with the company he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds. Shareholders, who had gathered for an extraordinary meeting just days after prosecutors arrested Ghosn in Tokyo again, also voted […]

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Ex-Nissan head Carlos Ghosn arrested, again, by Japan

Carlos Ghosn case raising concerns over the Japanese legal system The Wall Street Journal Assistant Editorial Page Editor James Freeman, Republican Strategist Erin Elmore and FBN’s Dagen McDowell on the fallout from the legal challenges facing former Nissan Chairman Carlos Ghosn in Japan. Japanese prosecutors arrested Carlos Ghosn again on Thursday on suspicion the former Nissan boss had tried to enrich himself […]

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Ghosn's sudden Twitter appearance is latest surprise move by ousted businessman

TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn’s sudden appearance on Twitter on Wednesday was a surprise move by the businessman that perplexed people and sent journalists scrambling, and not for the first time. The first tweet from the @carlosghosn account on the social network at 12:51 p.m. (0351 GMT) read, “I’m getting ready to tell the truth about what’s […]

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Nissan committee says facts point to private use of company funds by Ghosn

YOKOHAMA, Japan (Reuters) – An external committee tasked with improving governance at Nissan Motor Co said on Wednesday there were sufficient facts to suspect violations of laws and the private use of company funds by ousted chairman Carlos Ghosn. Following a three-month audit of Nissan’s governance-related procedures, the panel said in its report that the concentration of authority on Ghosn […]

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Ex-Nissan chief Ghosn seeks permission to attend board meeting on Tuesday: source

TOKYO (Reuters) – Ousted Nissan boss Carlos Ghosn is seeking permission from the Tokyo District Court to attend the automaker’s board meeting on Tuesday, a person with direct knowledge of the matter said on Monday. The former chairman was released from a Tokyo detention center last week on $9 million in bail, having been detained for more than 100 days […]

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