Carlos Ghosn 'rang up $12m in suspicious expenses'
Carlos Ghosn reportedly rang up millions of dollars in suspicious expenses, an audit from Renault and Nissan showed.
The Wall Street Journal reported the audit flagged €10.9m ($12.2m; £9.4m) in costs incurred by Mr Ghosn over a nine-year period that may have been personal expenses.
They included Cartier watches and a trip to Brazil. Through a spokesman Mr Ghosn, the former boss of Nissan who faces charges of financial misconduct in Japan, disputed the allegations.
BreakingCarlos Ghosn issues statement over bail
Former Nissan boss Carlos Ghosn has released a statement after being granted bail following his fourth arrest.
A Tokyo court set bail at 500 million yen ($4.5m; £3.5m).
He faces four charges in Japan over allegations of financial misconduct.
It will be the second time Mr Ghosn, who denies any wrongdoing, has been released on bail.
am grateful that bail has been granted and thankful for my family and
supporters in Japan and around the world who fought for my release," said Mr Ghosn.
should ever be indefinitely held in solitary confinement for the purpose of
being forced into making a confession.
communications and contact between my wife and me is cruel and unnecessary. We
love each other very much, she answered all of the prosecutors’ questions in
court, and she has done nothing wrong.
maintain my innocence and am committed to vigorously defending myself against
these meritless and unsubstantiated accusations. I hope to be given a fair
trial where the truth will come to light and I will be fully vindicated.”
The sole cause of this chain of events is the misconduct led by Ghosn and Kelly. Aside from any criminal matters, Nissan's internal investigation has uncovered substantial evidence of blatantly unethical conduct. This resulted in a unanimous board vote to discharge Ghosn and Kelly as chairman and representative director, followed by a shareholder vote to discharge them from the board. Further discoveries related to Ghosn’s misconduct continue to emerge. The company's focus remains on addressing weaknesses in governance that failed to prevent this misconduct.