Ghosn hit with fresh charge in Japan

first_imgTokyo: Japanese authorities on Monday hit former Nissan boss Carlos Ghosn with a fresh charge of aggravated breach of trust, the fourth formal indictment against the auto sector tycoon. Public broadcaster NHK and local news agency Jiji Press reported that prosecutors filed the new indictment that paves the way for his legal team to apply for bail. The 65-year-old strenuously denies all allegations against him and insists they have been cooked up in a “plot” by Nissan executives wary of his plans to bring the Japanese car giant closer to its French partner Renault. Also Read – Thermal coal import may surpass 200 MT this fiscalProsecutors are looking into allegations that Ghosn funnelled funds from Nissan to a dealership in the Middle East and siphoned off around five million dollars for his personal use. Ghosn has already won bail once before — but under strict conditions such as agreeing not to leave the country and living under surveillance. The rollercoaster case of the executive, once revered in Japan for saving Nissan from the brink of bankruptcy, has gripped the business world and shone a spotlight on the Japanese legal system that has come in for some criticism especially from abroad.last_img