Ex-Nissan chief Ghosn rearrested in Tokyo

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[TOKYO] Former Nissan chief Carlos Ghosn was rearrested early on Thursday in Tokyo on fresh financial misconduct allegations, with the auto tycoon slamming his detention as 'outrageous and arbitrary'. Read more at The Business Times.

"It is part of another attempt by some individuals at Nissan to silence me by misleading the prosecutors. Why arrest me except to try to break me? I will not be broken," he said, insisting that he is innocent of the claims against him.

The former high-flying executive already faces three charges of financial misconduct related to allegations he under-reported his compensation and sought to transfer losses to Nissan's books. The Brazil-born auto sector pioneer, widely credited with saving Nissan from the brink of bankruptcy, also faces a charge of seeking to shift personal investment losses onto Nissan's books and then using company funds to pay a Saudi associate who stumped up collateral for him.

Since his release on bail on March 6, he has kept scrupulously quiet despite daily attempts by local and international media to interview him. Nissan has been indicted alongside Ghosn, as they filed the shareholders' documents that allegedly mis-stated the then chairman's income. In an interview with AFP from his detention centre in January, Ghosn denounced a"trap" and a"plot" by Nissan prompted by opposition to his plans to bring the companies closer together.

 

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