Court extends detention for Nissan ex-chair Ghosn by 10 days

Legal Events

Former Nissan chairman Carlos Ghosn will be detained at least through Jan. 11, the Tokyo District Court said Monday, as the once revered auto industry figure faces allegations that have marked a stunning downfall.

Ghosn, who led Nissan Motor Co. for two decades and helped save the Japanese automaker from near bankruptcy, was arrested Nov. 19 on suspicion of falsifying financial reports. He also faces a breach of trust allegation, for which his detention had been approved previously through Jan. 1.

The Tokyo District Court said in a statement that it had approved prosecutors' request for a 10-day extension.

Ghosn has been charged in the first set of allegations, about under-reporting Ghosn's pay by about 5 billion yen ($44 million) in 2011-2015.

Those close to Ghosn and his family say he is asserting his innocence as the alleged underreported amount of money was never really decided or paid, and Nissan never suffered any monetary losses from the alleged breach of trust.

It is unclear when Ghosn may be released on bail. Tokyo prosecutors consider Ghosn, a Brazilian-born Frenchman of Lebanese ancestry, a flight risk.

In Japan, formal charges can mean a suspect will get detained for months, sometimes until the trial starts, because of fears of tampered evidence.

Another Nissan executive, Greg Kelly, was arrested on suspicion of collaborating with Ghosn on the under-reporting of income and was freed Dec. 25 on 70 million yen ($635,600) bail after more than a month of detention.

Kelly said in a statement released through his lawyers he had suffered while in detention because of his neck ailment and hoped to get medical treatment. He also said he was innocent and hoped to regain his reputation.

"I expect that the trial will start soon. I have not been involved in alleged false entry. I believe my innocence will be revealed in the trial," Kelly said.

Falsifying financial reporting is a serious crime in Japan, with a maximum penalty of 10 years in prison, a 10 million yen ($89,000) fine, or both. But some experts are puzzled that the allegations against Kelly and Ghosn are about underreporting income from Nissan. Nissan is in charge of filing such financial reports, not individual executives.

Past cases of companies and officials getting charged in Japan with falsifying such reports tend to be about misrepresenting company profits or other numbers that relate to the overall operations of the business, not executive compensation.

Related listings

  • Man accused of killing tourist appears in New Zealand court

    Man accused of killing tourist appears in New Zealand court

    Legal Events 12/09/2018

    A man accused of killing 22-year-old British tourist Grace Millane made his first appearance in a New Zealand court Monday.The 26-year-old man stared at the ground while a judge addressed him during the brief appearance at the Auckland District Court...

  • European court orders Turkey to free ex-Kurdish party leader

    European court orders Turkey to free ex-Kurdish party leader

    Legal Events 11/20/2018

    The European Court of Human Rights on Tuesday called on Turkey to release the former head of Turkey's pro-Kurdish opposition from detention. Turkey's president responded by claiming his country was not bound by the court's rulings.In its ruling on Tu...

  •  Indian court seeks pricing of Rafale jet deal with France

    Indian court seeks pricing of Rafale jet deal with France

    Legal Events 10/30/2018

    India's top court on Wednesday ordered the government to provide pricing details of 36 Rafale fighter jets it is buying from France.The court said the government must bring details of the decision-making process of the deal into the public domain, ex...

Illinois Work Injury Lawyers – Krol, Bongiorno & Given, LTD.

Accidents in the workplace are often caused by unsafe work conditions arising from ignoring safety rules, overlooking maintenance or other negligence of those in management. While we are one of the largest firms in Illinois dedicated solely to the representation of injured workers, we pride ourselves on the personal, one-on-one approach we deliver to each client.

Work accidents can cause serious injuries and sometimes permanent damage. Some extremely serious work injuries can permanently hinder a person’s ability to get around and continue their daily duties. Factors that affect one’s quality of life such as place of work, relationships with friends and family, and social standing can all be taken away quickly by a work injury. Although, you may not be able to recover all of your losses, you may be entitled to compensation as a result of your work injury. Krol, Bongiorno & Given, LTD. provides informed advocacy in all kinds of workers’ compensation claims, including:

• Injuries to the back and neck, including severe spinal cord injuries
• Serious head injuries
• Heart problems resulting from workplace activities
• Injuries to the knees, elbows, shoulders and other joints
• Injuries caused by repetitive movements

For Illinois Workers’ Compensation claims, you will ALWAYS cheat yourself if you do not hire an experienced attorney. When you hire Krol, Bongiorno & Given, Ltd, you will have someone to guide you through the process, and when it is time to settle, we will add value to your case IN EXCESS of our fee. In the last few years, employers and insurance carriers have sought to advance the argument that when you settle a case without an attorney, your already low settlement should be further reduced by 20% so that you do not get a “windfall.” Representing yourself in Illinois is a lose-lose proposition.

Business News

Santa Ana, CA Workers' Compensation Lawyers We are one of Orange County’s leading Workers’ Compensation firms. >> read
Pennsylvania Employment Law Firm Attorney Marc E. Weinstein advocates for the rights of employees and minorities. >> read