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Tokyo court denies bail for ex-Nissan boss Ghosn

Former Nissan Motor Co. Chairman Carlos Ghosn (Mainichi)

TOKYO -- The Tokyo District Court on Jan. 15 rejected a request by indicted former Nissan Motor Co. Chairman Carlos Ghosn for his release on bail.

Ghosn, 64, has remained in detention since his arrest on Nov. 19 last year. He has been charged with violating the Financial Instruments and Exchange Act by underreporting his income, as well as with aggravated breach of trust in connection with his alleged transfer of personal investment losses to Nissan. His lawyer is expected to appeal the district court's latest decision.

On Dec. 20, the court rejected a request from public prosecutors to extend Ghosn's detention on a renewed warrant, raising the possibility that he would be released. However, the following day he was served a fresh arrest warrant on suspicion of aggravated breach of trust under the Companies Act. This allowed his detention to continue.

On Dec. 31, the court granted an extension of his detention over the allegations of aggravated breach of trust. In response, a lawyer representing him sought a court hearing on the reason he was still being detained, and Ghosn appeared in open court on Jan. 8. However, a judge cited suspicions that he could destroy evidence and the former chairman remained in custody.

On Jan. 11, public prosecutors indicted Ghosn on a charge of violating the Financial Instruments and Exchange Act in relation to the renewed arrest warrant, and on a charge of aggravated breach of trust. As his detention period as an arrested suspect was coming to an end, his lawyer had requested that he be released on bail.

In addition to Ghosn, Nissan's former representative director Greg Kelly, 62, was arrested over the alleged underreporting of Ghosn's remuneration in financial statements. However, he was released on bail on Dec. 25, and had remained in Tokyo since undergoing treatment at a hospital in Ibaraki Prefecture.

(Japanese original by Masanori Makita, City News Department)

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