A Japanese court has rejected a request by lawyers of former Nissan Motor chairman Carlos Ghosn to end his detention.
The lawyers plan to file a quasi-appeal against the decision made on Wednesday by the Tokyo District Court.
Ghosn was served a new arrest warrant on December 21st on suspicion of aggravated breach of trust.
He allegedly had a Nissan subsidiary illicitly channel about 15 million dollars to a firm run by a Saudi Arabian businessman.
The businessman is said to have helped Ghosn obtain credit guarantees to cover his personal investment losses.
On December 31st, the court approved a request by the prosecutors to detain Ghosn until Friday.
On Tuesday, Ghosn appeared in the court to hear the reason for his detention and to make his case.
The judge explained that the detention is needed due to the risk that evidence could be destroyed and that he could try to flee.
Ghosn said he's innocent, and his lawyers asked that he be freed.