Lawyer: Ghosn Claims Transfer Of Funds Legitimate

Lawyer: Ghosn claims transfer of funds legitimate

A lawyer for former Nissan Motor chairman Carlos Ghosn says his client claims the transfer of money to an Oman car dealership was legitimate.

Ghosn was indicted on suspicion of aggravated breach of trust. Prosecutors believe he channeled Nissan funds to the dealership in Oman and part of the funds wound up in a Lebanese shell company he effectively controls, causing Nissan to lose about 5 million dollars.

Emails Hint At Improper Funds Transfer To Ghosn

Emails hint at improper funds transfer to Ghosn

NHK has learned the details of email exchanges that indicate funds from Nissan Motor had been channeled to dummy companies effectively owned by former Nissan Motor chairman Carlos Ghosn.

Ghosn was arrested for the fourth time earlier this month on suspicion of having some Nissan funds sent from the automaker's dealership in Oman to shell companies in Lebanon.

Ghosn Suspected Of Receiving Additional Funds

Ghosn suspected of receiving additional funds

Nissan Motor's former chairman Carlos Ghosn reportedly received compensation of more than nine million dollars from an affiliated company without the knowledge of other board members.

Sources say an in-house probe by Nissan revealed that Ghosn allegedly received the money in 2018 as compensation from Nissan-Mitsubishi B.V. in Holland.

Abe Pledges Extra Funds For Disaster-hit Areas

Abe pledges extra funds for disaster-hit areas

Prime Minister Shinzo Abe says he plans to offer additional funds worth more than 300 million dollars for areas hit by floods and landslides.

Abe told the 5th meeting of the emergency task force on Friday that the government will front-load local allocation tax grants worth about 311 million dollars for 58 municipalities, mainly in western Japan. He urged them to use the money for relief and rebuilding work.

Sniffer Dog Cancer Tests Yield Results But Require Trainers, Funds

Sniffer dog cancer tests yield results but require trainers, funds

With trial sniffer dog cancer screenings being carried out in a Japanese town, researchers are hoping to one day make the noninvasive health checks widely available across Japan.

But experts say securing experienced handlers and attracting financial resources will be crucial to boosting the number of trained sniffer dogs available to make the unique program more practical to implement in future.

Honda To Donate Funds For Every Of New Video Featuring Children And Asimo

Honda to Donate Funds for Every "Like" of New Video Featuring Children and ASIMO

Honda is inviting its fans on social media to help raise awareness and funds for the new Honda Center for Gait Analysis and Mobility Enhancement at Nationwide Children's Hospital in Columbus, Ohio. Honda said today that it will donate $1 for every "Like" or "Share" of a new video of young patients interacting with Honda's ASIMO, the world's most advanced humanoid robot, during a special appearance at the hospital. The video will be posted on Facebook: as well as Honda's CSR, YouTube and Twitter channels.

On June 20, 2017, Honda donated $1 million to establish the all-new Honda Center for Gait Analysis and Mobility Enhancement at Nationwide Children's Hospital in Columbus. The Center will seek innovative ways to help young patients overcome conditions that limit mobility such as birth defects, disease or injury. The new center will also conduct spine motion analysis, sports performance programs and injury prevention programs. In addition, it will conduct extensive research in prosthetic and wheelchair development, with the mission of improving the mobility of all children.

Domestic Pension Funds Boost Tokyo Stock Prices

Domestic pension funds boost Tokyo stock pricesMarket analysts say that pension funds contributed to the hike in Tokyo share prices last week thanks to huge stock purchases through domestic trust banks.
The key Nikkei index rose four days in a row last week, ending the week up almost 1.2 percent, or more than 170 points.