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>> Nissan's ousted former chairman Carlos Ghosn was re-arrested on Friday in Tokyo on fresh allegations, he made Nissan shoulder more than $60 million in personal investment losses. And had the auto making company deposit over 14 million into a related bank account. The move comes just one day after a Tokyo court rejected a request to extend Ghosn's detention, dashing any chances that Ghosn will be released on bail.
It also came just hours after Ghosn vowed to restore his good name in court. According to Japanese media, Ghosn's lawyer said his client denied the allegations when they first surfaced in media reports late last month. The re-arrest could mean that Ghosn's detention could be extended by at least 10 more days.
Ghosn was first arrested in late November over allegations that he was under-reporting his pay by about half, and over a period of five years. Nissan said, after Ghosn's arrest, it discovered multiple instances of possible wrongdoing after the auto-making giant launched an internal investigation. While the internal probe is ongoing, sources told Reuters investigators are looking into the use of an internal CEO reserve fund used in possible financial misconduct.
A Nissan spokesperson declined to comment on the re-arrest. The maximum penalty for both accusations against Ghosn understating compensation and aggravated breach of trust is a fine of almost $90,000. As well as a possible prison sentence of up to ten years