July 11, 2026 06:02 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Foreign franchise league enters India! BBL opener to be played in Chennai, announce Modi-Albanese | 'They could have stopped me': Vijay blames police, former DMK government over Karur stampede | 'People will correct their 2025 mistake': Electoral debutant Prashant Kishor predicts BJP defeat in Bankipur | New assassination plot against Trump? Israel's secret intelligence raises alarm amid escalating Middle East tension | Ayatollah Ali Khamenei buried at Iran's holiest shrine as Middle East crisis deepens | Indian techie allegedly kills wife in US, sends photo of her body to 'secret girlfriend' in India; arrested | 'I fled the city': Thane doctor quits after alleged assault by Shiv Sena leader | Sensex surges 500 points before losing steam, ends marginally higher after volatile trading session | US court drops charges against Indian-origin doctor who drove Tesla off 250-foot cliff with family | Dalal Street bleeds! Sensex tanks over 1,600 points after Trump declares Iran ceasefire 'over'

Japanese prosecutors slap ex-Nissan Chairman Ghosn with fresh indictment-Reports

| @indiablooms | Apr 22, 2019, at 05:30 pm

Tokyo, Apr 22 (Sputnik/UNI) Japanese prosecutors have indicted former Nissan chairman Carlos Ghosn on new charges over his alleged financial misconduct, local media reported on Monday.

Earlier in the day Nissan said it had filed a criminal complaint against Ghosn related to his misappropriation of the company's funds. The automaker said that some payments made by Nissan to an overseas vehicle sales company via a subsidiary "were in fact directed by Ghosn for his personal enrichment and were not necessary from a business standpoint."

According to the Kyodo news agency, Ghosn is accused of ordering Nissan's contractor in the United Arab Emirates to pay $10 million to an agent in Oman, Suhail Bahwan Automobiles, between July 2017 and August 2018. Half of those funds were reportedly transferred to the accounts of Lebanese investment company Good Faith Investments, which is said to belong to Ghosn.

Sources told the news outlet that the company owned by Ghosn's wife had received some of the transferred money, presumably to purchase a yacht worth $14 million for the family.

This is the fourth round of indictments Ghosn has faced. The businessman has maintained his innocence and claimed the situation is a conspiracy to prevent Nissan from merging with auto giants Mitsubishi and Renault.

Ghosn was first arrested in Japan in late November 2018 for underreporting around $44 million worth of his income and misusing the company's assets. He was released on bail in early March, only to be rearrested a month later on new charges.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.