Japan court rejects ex-Nissan chief's bail appeal

Published January 17, 2019
Former Nissan boss Carlos Ghosn will stay behind bars in Japan for the foreseeable future after a Tokyo court quashed his appeal for bail as he faces charges on three counts of financial misconduct. — AFP/File photo
Former Nissan boss Carlos Ghosn will stay behind bars in Japan for the foreseeable future after a Tokyo court quashed his appeal for bail as he faces charges on three counts of financial misconduct. — AFP/File photo

Former Nissan boss Carlos Ghosn will stay behind bars in Japan for the foreseeable future after a Tokyo court quashed his appeal for bail as he faces charges on three counts of financial misconduct.

Since his stunning arrest on November 19, 2018 the auto tycoon has languished in a Tokyo detention centre, facing questioning over allegations he under-reported his salary and tried to shift personal losses on to the company.

The court had previously refused to release the 64-year-old Franco-Lebanese-Brazilian businessman on the grounds that he could present a flight risk and destroy evidence.

Last week he was formally charged on two of the counts and his request for bail was denied.

Even his own lawyer has admitted he is likely to be kept behind bars until a trial — which could take six months.

His legal team said they would now appeal to the Supreme Court.

The appeal — and its rejection — came as the French government called for him to be replaced at the head of Renault, the only one of the three companies he used to head that has retained him.

Japanese firms Nissan and Mitsubishi Motors jettisoned him as boss almost immediately after his arrest, but Renault was more cautious and appointed an interim leader while Ghosn fought the charges.

With the latest rejection he faces at least a two-month period in pre-trial detention. This can be extended almost automatically by one month at a time.

His wife Carole has appealed to rights group Human Rights Watch over his detention, saying he was being held in "harsh" conditions and subjected to round-the-clock interrogations in an attempt to extract a confession.

Ghosn has been seen only once in public since his detention, in a dramatic court appearance.

He had clearly lost a lot of weight but seemed otherwise in good health. He passionately proclaimed his innocence and his love for Nissan, a company he is widely credited with saving from the brink of bankruptcy.

"I have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations," Ghosn told a packed courtroom.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

X post facto
Updated 19 Apr, 2024

X post facto

Our decision-makers should realise the harm they are causing.
Insufficient inquiry
19 Apr, 2024

Insufficient inquiry

UNLESS the state is honest about the mistakes its functionaries have made, we will be doomed to repeat our follies....
Melting glaciers
19 Apr, 2024

Melting glaciers

AFTER several rain-related deaths in KP in recent days, the Provincial Disaster Management Authority has sprung into...
IMF’s projections
Updated 18 Apr, 2024

IMF’s projections

The problems are well-known and the country is aware of what is needed to stabilise the economy; the challenge is follow-through and implementation.
Hepatitis crisis
18 Apr, 2024

Hepatitis crisis

THE sheer scale of the crisis is staggering. A new WHO report flags Pakistan as the country with the highest number...
Never-ending suffering
18 Apr, 2024

Never-ending suffering

OVER the weekend, the world witnessed an intense spectacle when Iran launched its drone-and-missile barrage against...