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>> Carlos Ghosn has had his detention extended. The ousted Nissan chairman is facing new allegations of forcing the car maker to shoulder $16.6 million in personal investment losses. The Tokyo District Court said on Sunday that Ghosn will remain in the Japanese capital's main detention center. He's been confined there since his arrest last month on initial allegations of financial misconduct.
Ghosn was rearrested on Friday, based on suspicions that in 2008, he shifted personal trades to Nissan to make it responsible for appraisal losses. Prosecutors say the move inflicted significant damage on Nissan. The company said after his initial arrest that it had unearthed multiple instances of possible wrongdoing and an internal investigation triggered by a whistle blower.
The maximum penalty for both understating compensation and the latest accusation, aggravated breach of trust, is up to ten years in prison and or a fine of 10 million yen. That's around $90,000. Media reports say Ghosn has denied any wrongdoing, although he has not made any public statement since his arrest.