Carlos Ghosn

Carlos Ghosn 'rang up $12m in suspicious expenses'

Carlos Ghosn
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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

Carlos Ghosn is escorted out of Tokyo Detention House on Thursday
AFP
Carlos Ghosn is escorted out of Tokyo Detention House on Thursday

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.

“I 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.

"No person should ever be indefinitely held in solitary confinement for the purpose of being forced into making a confession.

"But restricting 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.

“I 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.”

Tokyo court grants $4.5m bail to former Nissan boss

Former Nissan chairman Carlos Ghosn leaves his lawyers' offices after he was released earlier in the day from a detention centre after posting bail in Tokyo on March 6, 2019.
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A Tokyo court has granted former Nissan boss Carlos Ghosn bail set at 500 million yen ($4.5m; £3.5m), paving the way for his release from custody.

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.

The 65-year-old was initially freed last month, then re-arrested on 4 April on a fresh charge.

Nissan responds to Ghosn video

Nissan has responded to that video from former boss Carlos Ghosn. In a statement the company said:

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.