INTERNATIONAL

Carlos Ghosn indicted on fresh charge of Nissan fund misuse

Nissan

Tokyo: Tokyo prosecutors on Monday indicted former Nissan Motor Co. Chairman Carlos Ghosn over a fresh charge of misusing company funds paid to a distributor in Oman, yet another setback for the once-celebrated auto tycoon who maintains he is innocent of all allegations.

Ghosn was arrested for the fourth time on April 4 over an allegation of aggravated breach of trust after some of the payment to the distributor was said to have been channelled for his personal use, causing the automaker to sustain a $5 million loss, reports Kyodo News Agency.

The re-arrest came less than a month after he was released on bail following 108 days in detention. Ghosn’s defence team has said they will request his release on bail. Monday marked the last day of his detention period approved by the Tokyo District Court, with prosecutors required to decide whether to indict or release him by that day. (IANS)

 

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