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Ghosn says financial misconduct charges against him 'baseless'

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Ex-Nissan boss, Carlos Ghosn, says that financial misconduct charges against him are 'baseless' during a much-anticipated press conference in Beirut, making his first public appearance since skipping bail in Japan. IMAGES

Added on the 08/01/2020 14:38:09 - Copyright : AFPTV - First images

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  • Carlos Ghosn Out On Bail Again

    According to Reuters, Former Nissan Chairman Carlos Ghosn is out on bail again. The disgraced automotive executive was first arrested in Tokyo late last year due to allegations of financial misconduct. He was released from jail a second time on April 25th, after paying $4.5 million for bail. Ghosn also agreed to limit contact with his wife as he awaits trial. Prosecutors at a court in Tokyo appealed his release, which was rejected by the court.

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    According to Automotive News, Carlos Ghosn has been voted off the board at Nissan as an ordinary director, his last position at the car company. The disgraced auto executive was arrested again in Japan for financial crimes. Ghosn was initially arrested in Tokyo late last year. His alleged crimes include financial misconduct and diverting funds for his personal use.

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    According to Automotive News, prosecutors in Japan raided the residence of Carlos Ghosn. Japanese prosecutors raided the disgraced auto executive's Tokyo residence early in the morning on April 3rd. At least 14 officials entered the residence shortly before 6 a.m. local time,and asked Ghosn to voluntarily head to the prosecutor’s office. Although it is not clear why prosecutors raided his residence, it may lead to his arrest again.

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    According to Automotive News, Carlos Ghosn has resigned as the chairman and CEO of Renault. Ghosn's departure also led Nissan to schedule a shareholders meeting to discharge the indicted executive. But the shareholders meeting will also determine a new chairman for the French automotive company, which Nissan owns a large stake in. Late last year, Renault asked Nissan to call a meeting to discuss alleged financial misconduct by then-CEO and chairman Ghosn following his arrest in Tokyo.

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