Mexican Media Brands
Ghosn Likely to Remain in Jail for Another 10 Days
Renault-Nissan-Mitsubishi Chairman Carlos Ghosn is likely to be detained for another 10 days after being arrested on Monday in Tokyo, according to Kyodo News.
#legal
Share
Renault-Nissan-Mitsubishi Chairman Carlos Ghosn is likely to be detained for another 10 days after being arrested on Monday in Tokyo, according to Kyodo News.
Japanese law allows authorities to hold a suspect in custody for as long as 23 days without specifying charges. Ghosn’s exact location has not been disclosed.
Kyodo News notes that the executive, who has been revered in Japan for saving Nissan Motor Co. from bankruptcy, cannot be released on bail until prosecutors decide whether to proceed with an indictment. In the meantime, authorities have the right to question him without an attorney present.
Bloomberg News says Nissan’s board, which is scheduled to meet tomorrow afternoon, is divided about whether to dismiss him. Ghosn was arrested after a multi-month internal investigation that the company says turned up significant evidence of financial wrongdoing.
The Nikkei reports that Ghosn received five years of unreported compensation indexed to Nissan’s stock price that was worth a total of about 4 billion yen ($35 million). The newspaper says he also may have received 100 million yen ($885,000) in unreported funds from a Renault-Nissan venture in the Netherlands.
RELATED CONTENT
-
Tesla Sued Over Fatal Crash of Car in Autopilot Mode
Tesla Inc. has been sued by the family of a California man whose Tesla Model X crossover vehicle crashed into a highway barrier last year while the car was operating in semi-autonomous Autopilot mode.
-
Bosch Targeted in Criminal Probe of VW Diesel Cheating in U.S.
Federal prosecutors in the U.S. are trying to determine whether Robert Bosch GmbH conspired to help Volkswagen AB—and perhaps other carmakers—rig their diesel engines to evade emission standards, sources tell Bloomberg News.
-
Four Auto Companies Rank Among the World's Most Ethical
GM and Cooper Standard make the list for the first time, joining long-running honorees Aptiv and Cummins