Ghosn Released On Bail Again

Ghosn released on bail again

Former Nissan Motor chairman Carlos Ghosn has been released on bail from a Japanese detention facility for a second time.

The Tokyo District Court on Thursday morning approved a request filed by Ghosn's defense team for his bail. The court also rejected prosecutors' appeal against his bail later in the day.

Court Grants Ghosn Bail

Court grants Ghosn bail

Nissan Mortor's former chairman Carlos Ghosn will be free again from detention. A Tokyo court granted him bail earlier on Thursday. And it has just rejected an appeal from prosecutors. That paves the way for his release.

Ghosn was rearrested earlier this month for aggravated breach of trust and has since been charged.

Carlos Ghosn Granted Bail For Second Time

Carlos Ghosn granted bail for second time

A Tokyo court has granted bail for the second time to former Nissan Motor chairman Carlos Ghosn. The 65-year-old was detained for a second time earlier this month. Prosecutors then charged him with aggravated breach of trust.

The court set Ghosn's bail at about 4 and a half million dollars. That's on top of the 9 million dollars he paid the last time he was released on bail.

Ghosn Granted Bail For Second Time

Ghosn granted bail for second time

The Tokyo District Court has granted bail for the second time to former Nissan Motor chairman Carlos Ghosn.

Ghosn was released on March 6 after spending 108 days in detention. He posted bail of about 9 million dollars but was arrested again on April 4.

Tokyo Court Grants Carlos Ghosn Bail

Tokyo court grants Carlos Ghosn bail

The Tokyo District Court has granted bail to former Nissan chairman Carlos Ghosn. The 65-year-old was detained for a second time earlier this month. Prosecutors then charged him with aggravated breach of trust.

The court has set Ghosn's bail at about 4.5 million dollars.

Nissan Slashes Profit Forecast As Ghosn Arrest Hurts Brand Appeal

Nissan slashes profit forecast as Ghosn arrest hurts brand appeal

TOKYO — Nissan cut its profit forecast for the fiscal year through March on Wednesday to reflect slowing sales, higher costs and the fallout from a criminal investigation of its former chairman, Carlos Ghosn. Nissan Motor Co. expects to post a 319 billion yen ($2.9 billion) profit for the fiscal year, marking a 22% drop from its earlier 410 billion yen ($3.7 billion) forecast.

Nissan said the downgrade reflects higher costs in the U.S. from a warranty extension campaign for some vehicles and falling sales due to "corporate issues," alluding to the Ghosn scandal. Ghosn was arrested in November and is facing charges of underreporting his income and breach of trust. He says he is innocent. He was released on bail in March and is awaiting another court decision on bail after his re-arrest on April 4. Nissan, which is allied with Renault SA of France, has seen sales lag in France and Japan, where Ghosn is widely known. In the U.S. and China, buyers aren't as affected by the scandal, but the markets there overall have slowed. Other factors contributed to the revision, such as production not keeping up with demand for the Note, an extremely popular model in Japan. But the high-profile scandal has weakened the brand appeal of the maker of the Leaf electric car, Infiniti luxury model and X-trail sports utility vehicle. Nissan said it expects to sell 5.5 million vehicles in this fiscal year. Earlier it predicted it would sell 5.6 million. The company sold nearly 5.8 million vehicles in the fiscal year that ended in March 2018. The automaker reduced its sales outlook by 0.2% for the fiscal year through March 2019 to 11.5 trillion yen ($103 billion), compared to its previous forecast. It was Nissan's second downgrade for its outlook following one in February that cited faltering sales in China and the U.S. At that time, Nissan also logged costs about 9.2 billion yen ($83 million) related to the alleged underreporting of Ghosn's compensation. Nissan has promised to strengthen its corporate governance to prevent a recurrence of what it says is serious wrongdoing by Ghosn. Ghosn was sent by Nissan's French alliance partner, Renault SA, to help turn the Japanese automaker around when it was near bankruptcy 20 years ago. The future of the alliance is one of many questions clouding Nissan's future following Ghosn's ouster since he was the main liaison for the alliance, which includes smaller Japanese automaker Mitsubishi Motors. Renault owns 43 percent of Nissan, while Nissan owns 15 percent of Renault. There has been speculation Renault wants a complete merger with Nissan. Nissan, based in Yokohama, reports earnings May 14. ___ Follow Yuri Kageyama on Twitter https://twitter.com/yurikageyama On Instagram https://www.instagram.com/yurikageyama/?hl=en

Us Lawyer: Latest Ghosn Charge Serious If True

US lawyer: Latest Ghosn charge serious if true

An American lawyer who lives in Tokyo says the latest charge against former Nissan Motor chairman Carlos Ghosn is very serious if it is true.

Stephen Givens, who is also a professor at Tokyo's Sophia University, was speaking to NHK in Japanese.

Carlos Ghosn Indicted Again

Carlos Ghosn indicted again

Prosecutors in Tokyo have brought another indictment against Carlos Ghosn for aggravated breach of trust.

The former Nissan chairman has been locked in a legal battle since November over allegations of financial misconduct.

Ghosn To Be Indicted On Extra Charge

Ghosn to be indicted on extra charge

Tokyo prosecutors are expected to bring another charge of aggravated breach of trust against ousted Nissan Motor chairman Carlos Ghosn.

They are likely to issue the indictment on Monday, when Ghosn's latest period of detention is due to expire. The court set his detention this time at eight days which is two days shorter than prosecutors had sought.

Additional Charges To Be Brought Against Ghosn

Additional charges to be brought against Ghosn

Sources say Nissan Motor paid about 5 million dollars to a dealership in Oman almost every year, even when its performance deteriorated.

Nissan has reportedly determined that the money was not used for sales promotion purposes, and has filed a criminal complaint against former chairman Carlos Ghosn.

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.

Court Allows 8 More Days' Detention Of Ghosn

Court allows 8 more days' detention of Ghosn

The Tokyo District Court has allowed investigators to keep former Nissan Motor chairman Carlos Ghosn in custody for eight more days to investigate his alleged financial misconduct.

The court on Friday decided that a special team at the Tokyo District Prosecutors Office, which is investigating Ghosn, can hold him until April 22.

Carole Ghosn Questioned At Japanese Court

Carole Ghosn questioned at Japanese court

Japanese prosecutors have questioned the wife of former Nissan Motor chairman Carlos Ghosn at a Tokyo court. They are believed to have asked her about an alleged flow of funds from Nissan.

Carole Ghosn was summoned to the Tokyo District Court on Thursday as a witness at the request of prosecutors.