Nissan boss Carlos Ghosn arrested for fourth time


Ghosn has repeatedly denied allegations that he understated his salary by tens of millions of dollars as head of Nissan, and that he used company funds to cover up personal investment losses.

TV footage showed officials entering Ghosn's apartment in Tokyo, and a auto later going to the prosecutors' office, barely a month after Ghosn was released on bail from the earlier arrests.

They're the most serious charges yet against Ghosn, who had been free on bail for less than a month.

Former Nissan chief Carlos Ghosn rearrested early Thursday, April 4, in Tokyo on fresh financial miscounduct allegations, with the auto tycoon slamming his detention as "outrageous and arbitrary".

Ghosn released a statement Thursday denouncing his arrest as an attempt by people at Nissan to silence him. Speaking about the renewed detention, he said, "I feel this is hostage justice".

Carlos Ghosn was arrested this morning. It was the fourth arrest for Ghosn, 65, who had been released on bail on March 6.

The meeting at Renault's headquarters in the Paris suburb of Boulogne-Billancourt comes after new reports of suspicious payments to a Renault-Nissan distributor in Oman under Ghosn's watch.

Hironaka angrily accused the prosecutors of maneuvering to pressure Ghosn, calling the latest arrest their "final card".

As for the pension plan Ghosn signed off on, its validity "can only be assessed on the day on which he would exercise his pension rights".

If found guilty, Ghosn could face up to 15 years in prison.

It was the latest twist in a rollercoaster drama that has gripped Japan and the rest of the world since his shock arrest at a Tokyo airport on November 19.

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"A lot of lies have been told and these lies have come one after another", he said.

The Tokyo District Court handling Mr Ghosn's case said it does not disclose bail conditions and that it was impossible to say whether the tweet had violated the terms. "The rearrest seems like they wanted to block the news conference".

Evidence sent to French prosecutors late last week showed that much of the cash was subsequently channelled to a Lebanese company controlled by Ghosn associates, the sources said.

It was unclear how long Ghosn would be in the detention this time.

Investigations into the dealings started after Ghosn's arrest in November in Tokyo. He refused to identify three companies allegedly involved in suspect payments.

Ghosn was largely credited with saving Nissan from the brink of bankruptcy by tying its fortunes to Mitsubishi Motors and Renault.

Lawyers representing Ghosn claim the payments made to the dealership in Oman were legal, transparent, and made at the request of Nissan executives. Then last month, the automakers announced a new governance structure designed for smoother and more equitable decision-making.

His arrest makes that event unlikely.

Prosecutors defended their re-arrest of former Nissan Motor Co.

"Nissan's internal investigation has uncovered substantial evidence of blatantly unethical conduct", Nicholas Maxfield, a spokesman for the Yokohama-based automaker, wrote in an emailed statement.

The main cause of the misconduct was "the concentration of authority in Ghosn", the group concluded. After that, prosecutors can extend the detention for up to 20 more days, with court approval.