Ghosn's Lawyer Rejects Nissan Claim

Ghosn's lawyer rejects Nissan claim

A lawyer for former Nissan Chairman Carlos Ghosn has rejected the automaker's claim that misconduct by Ghosn and others resulted in massive financial damage to the company.

Nissan released last month a summary of its internal probe. It said the company lost over 35 billion yen, or about 330 million dollars. The automaker said it will take the necessary steps to launch a lawsuit.

Nissan May Be Fined $37 Million In Japan Over Ghosn's Pay

Nissan may be fined $37 million in Japan over Ghosn's pay

TOKYO — Japan's markets watchdog will likely recommend that the financial regulator fine Nissan up to 4 billion yen ($37 million) over the alleged underreporting of former Chairman Carlos Ghosn's compensation, a source said. The Securities and Exchange Surveillance Commission (SESC) will likely recommend the fine on the basis that Ghosn's alleged underreported salary had a "significant" impact on investor decisions regarding the company, the source said, declining to be identified. A spokesman for the SESC declined to comment on specific cases, while Nissan was not immediately available for comment. The SESC is expected to formally start its investigation before the end of the month, when it examines Nissan's latest annual filings, the source said. If Nissan files documentation to the SESC before the formal investigation begins and recognizes that previous reporting was incorrect, it may receive a reduced fine of around 2.4 billion yen, the source said. Ghosn was arrested in Tokyo in November over allegations of financial misconduct, including understating his salary by around 9.1 billion yen ($84.71 million) over a period of nearly a decade and temporarily transferring personal financial losses to the books of Nissan, Japan's No. 2 automaker. Since then, he has also been accused of enriching himself by around $5 million at Nissan's expense. Ghosn, who has been released from detention pending his trail, denies all of the charges. The fine, which was earlier reported by domestic media, would cover a four-year period through March 2018, the source said. Due to the statute of limitations, Nissan is not liable for any underreporting before that period.

Ghosn's Lawyer Vows To Fight For Acquittal

Ghosn's lawyer vows to fight for acquittal

The lawyer for former Nissan chairman Carlos Ghosn says he will continue to fully dispute the accusations against his client.

Junichiro Hironaka told reporters on Monday that the latest indictment was expected.

Carlos Ghosn's Lawyer Requests Bail Again After Nissan Ex-chairman Indicted — Again

Carlos Ghosn's lawyer requests bail again after Nissan ex-chairman indicted — again

TOKYO — Japanese prosecutors indicted Carlos Ghosn on Monday on another charge of aggravated breach of trust, a Tokyo court said, the fourth charge against the former Nissan Motor Co Ltd chairman, which his lawyers met immediately with a bail request. The charge came on the day Ghosn's latest detention period was set to expire. Ghosn had been out on bail when authorities arrested him for a fourth time on April 4 on suspicion he enriched himself at a cost of $5 million to the automaker. "We are confident that we have the evidence to successfully prosecute all four cases," an official from the prosecutor's office said at a briefing after the indictment was announced. Ghosn has denied all four of the charges, which include understating his income, and said he is the victim of a boardroom coup. He has accused former colleagues of "backstabbing," describing them as selfish rivals bent on derailing a closer alliance between Nissan and its top shareholder, France's Renault SA. "Carlos Ghosn is innocent of the latest charges brought against him by the Tokyo prosecutors, aided and abetted by certain Nissan conspirators," a Ghosn representative said in a statement. The case has exposed tensions in the Nissan-Renault alliance forged by Ghosn some two decades ago when the French automaker invested in Nissan, then on the brink of bankruptcy — a deal that gave Renault control over its larger partner. Nissan is due to reject a management integration proposal from Renault and will instead call for an equal capital relationship, the Nikkei newspaper said on Monday, citing sources. Ghosn's arrest has also focused a harsh light on Japan's judicial system, which critics refer to as "hostage justice" as defendants who deny their charges are often not granted bail. Under Japanese law, prosecutors are able to hold suspects for up to 22 days without charge and interrogate them without their lawyers present. In accordance with these terms, prosecutors had to indict or release Ghosn by Monday. According to the latest indictment, Ghosn caused a total of $5 million in losses to Nissan from July 2017 through July 2018. During that period, prosecutors allege two separate payments of $5 million were made from the account of a Nissan subsidiary into the account of an overseas dealership. A total of $5 million was subsequently transferred from the dealership's account to another account in which Ghosn had an interest. Nissan said it had filed a criminal complaint against the former chairman in relation to the matter, saying it had determined that some of its overseas payments had been ordered by Ghosn for his personal enrichment. The payments were "not necessary from a business standpoint," Nissan said in a statement. "Such misconduct is completely unacceptable, and Nissan is requesting appropriately strict penalties." A court would likely rule on the bail request on Tuesday, Ghosn's lead lawyer, Junichiro Hironaka, told reporters. Before Ghosn's latest arrest, he had been out on $9 million bail for 30 days. He is now being held in the same Tokyo detention center where he was detained for 108 days following his initial arrest on the tarmac at a Tokyo airport in November. Kyodo news agency previously reported, without citing sources, that Nissan funds had been shifted through a car dealer in Oman to the account of a company Ghosn effectively owned. Sources have previously told Reuters that Renault had alerted French prosecutors after uncovering payments it deemed suspect to a partner in Oman. Evidence sent to French prosecutors showed much of the cash was channeled to a Lebanese company controlled by associates of Ghosn, who holds Lebanese citizenship, the sources told Reuters. Ghosn's French lawyer denied the allegations.

Source: Ghosn's Wife Back In Japan For Questioning

Source: Ghosn's wife back in Japan for questioning

Sources say the wife of former Nissan Motor chairman Carlos Ghosn has returned to Japan and is set to be questioned by judges in Tokyo on Thursday.

Ghosn was arrested for the fourth time last week on suspicion of aggravated breach of trust involving Nissan funds sent to the automaker's dealership in Oman.
Investigators believe Ghosn transferred some of the funds to a shell company.

Carlos Ghosn's Video Statement Released

Carlos Ghosn's video statement released

Carlos Ghosn's lawyers released a video of the former Nissan Chairman speaking to the public for the first time. It was filmed before his latest arrest. As he has in the past, he repeatedly proclaimed his innocence and didn't get into details of the charges.

In the roughly eight-minute video, Ghosn calls all the accusations against him biased, taken out of context and twisted to paint him as a greedy dictator.

Justice Minister Mum On Departure Of Ghosn's Wife

Justice minister mum on departure of Ghosn's wife

Justice Minister Takashi Yamashita has declined to comment on the departure of the wife of former Nissan Motor Chairman Carlos Ghosn to France after one of her passports was confiscated.

Reporters asked the minister on Tuesday what he thought about the fact that Carole Ghosn was able to leave Japan using her US passport. Her Lebanese passport had been seized by Japanese prosecutors.

Lawyer Defends Ghosn's Wife

Lawyer defends Ghosn's wife

The lawyer for former Nissan Motor chairman Carlos Ghosn has defended his wife Carole's departure for France, saying there's no reason to stop her from leaving Japan.

Junichiro Hironaka told reporters on Monday that he heard Ghosn's wife departed for France to appeal for support against what she describes as an abuse of human-rights.

Ghosn's Video To Be Made Public On Tuesday

Ghosn's video to be made public on Tuesday

Lawyers representing Carlos Ghosn are to make public a video of the former Nissan chairman defending himself against allegations of financial misconduct.

The Foreign Correspondents' Club of Japan in Tokyo says the 9-minute video will be shown at a news conference on Tuesday afternoon.

Court Ok's Ghosn's Detention Afresh

Court OK's Ghosn's detention afresh

The Tokyo District Court on Friday approved the prosecutors' request to detain former Nissan Motor chairman Carlos Ghosn for 10 more days. He will remain in custody until April 14.

Ghosn's lawyers filed an appeal, saying there is no risk of him fleeing or destroying evidence.

Prosecutors Ask Judges To Question Ghosn's Wife

Prosecutors ask judges to question Ghosn's wife

Prosecutors in Tokyo have asked judges to question the wife of Carlos Ghosn in connection with funds allegedly misappropriated by the former Nissan Motor chairman.

Ghosn was arrested on Thursday for the fourth time on suspicion of aggravated breach of trust involving Nissan funds sent to the automaker's Omani dealership.