Ghosn detention extended by 10 days

Japan court extends ex-Nissan chief Ghosn's detention by 10 days

Japan court extends ex-Nissan chief Ghosn's detention by 10 days

Carlos Ghosn's lawyer challenged allegations by prosecutors that the former Nissan chairperson transferred personal financial losses to the Japanese automaker.

According to Japanese broadcaster NHK, prosecutors now suspect that in October 2008, in the midst of the global financial crisis, Ghosn temporarily forced Nissan to take over a personal derivative contract that was sitting on $16.6 million in losses at the time.

The extension by the Tokyo District Court means Ghosn will now remain until January 1 in Tokyo's main detention center, where he has been confined since his arrest last month on initial allegations of financial misconduct.

Mr. Ghosn and another executive, Greg Kelly, were arrested November 19 and charged with underreporting Mr. Ghosn's income for 2011-15 by about 5 billion yen.

The latest allegation filed Friday only applies to Ghosn and came a day after the court rejected prosecutors' request for a longer detention of Ghosn and Kelly. Other charges for additional underreporting of Ghosn's pay by about four billion yen ($36m) over the past three years are still pending. Ghosn also profited by having the automaker transfer a total of US$14.7-million to another company to benefit himself and that company's owner, who helped in the deal, prosecutors said. The Brazilian-born Frenchman has yet to issue any public statement since his arrest, but his defence team has denied prosecutors' allegations, claiming that they are invalid because they do not relate to his salary but instead to future payments he was expected to receive after retiring.

The Prosecutor's office brought an action on 10.

His lengthy detention - in Japan, suspects can be "re-arrested" several times over different allegations - has sparked criticism, especially from overseas.

Since then, the once jet-setting executive has languished in a tiny cell in a detention centre in northern Tokyo, where he has complained about the cold and the rice-based menu.

Ghosn has told embassy visitors he is well treated, and sources at French vehicle giant Renault have described his frame of mind as "combative" as he fights the charges against him.

After his arrest, Nissan and Mitsubishi Motors sacked Ghosn as chairman but Renault kept him on and appointed an interim boss as it waited to assess the legal procedures against him.

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