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Carlos Ghosn Is Denied Bail as Jail Stint Looks to Continue Carlos Ghosn Is Denied Bail as Jail Stint Looks to Continue
(about 9 hours later)
TOKYO — For the second time in a week, a Japanese court has rejected a bail request by Carlos Ghosn, the former global auto chieftain who has spent more than two months in a Tokyo jail.TOKYO — For the second time in a week, a Japanese court has rejected a bail request by Carlos Ghosn, the former global auto chieftain who has spent more than two months in a Tokyo jail.
A Japanese judge, after reviewing a request from Mr. Ghosn’s lawyers in which he offered to pay for private security guards and surrender all of his passports, ruled on Tuesday that Mr. Ghosn would have to stay in detention. The court gave no immediate reason for its decision.A Japanese judge, after reviewing a request from Mr. Ghosn’s lawyers in which he offered to pay for private security guards and surrender all of his passports, ruled on Tuesday that Mr. Ghosn would have to stay in detention. The court gave no immediate reason for its decision.
Mr. Ghosn, 64, has been charged on three counts of financial misconduct at Nissan Motor, the Japanese auto company he led for two decades. He was detained on Nov. 19 in a dramatic arrest off his corporate jet and has been held in Tokyo ever since. His trial could be months away.Mr. Ghosn, 64, has been charged on three counts of financial misconduct at Nissan Motor, the Japanese auto company he led for two decades. He was detained on Nov. 19 in a dramatic arrest off his corporate jet and has been held in Tokyo ever since. His trial could be months away.
In a court appearance early this month, Mr. Ghosn denied guilt over charges that he improperly transferred personal losses to Nissan’s books and withheld millions of dollars in income from Nissan’s financial filings for years as the company’s chairman and chief executive.In a court appearance early this month, Mr. Ghosn denied guilt over charges that he improperly transferred personal losses to Nissan’s books and withheld millions of dollars in income from Nissan’s financial filings for years as the company’s chairman and chief executive.
While Mr. Ghosn sits in jail, the fate of Nissan and its partners in a vast global alliance — Renault of France and Mitsubishi of Japan — has hung in the balance. Both Nissan and Mitsubishi removed Mr. Ghosn as chairman soon after he was arrested.While Mr. Ghosn sits in jail, the fate of Nissan and its partners in a vast global alliance — Renault of France and Mitsubishi of Japan — has hung in the balance. Both Nissan and Mitsubishi removed Mr. Ghosn as chairman soon after he was arrested.
Renault has stood by him. But last week, the French government, which is the largest shareholder in the French automaker, pushed the company to replace him and install new leadership. Renault has stood by him. But last week, the French government, which is the largest shareholder in the French automaker, pushed the company to replace him and install new leadership. On Tuesday the carmaker said its board would meet on Thursday, where it is expected to announce changes to its leadership.