Tokyo Prosecutors Arrested Ghosn for the Fourth Time, and Before Press Conference

On Thursday, Japanese prosecutors detained dismissed Nissan chairman Carlos Ghosn. They suspect the executive previously tried to develop himself at the carmaker’s payment. The sudden and shocking twist in the story is media reports tied to payments to an Omani dealer. The former Nissan executive was released from Tokyo jail on million-dollar bail in March. According to Japanese media, the ex-CEO is facing a series of financial wrongdoing which resulted in the re-arrest. National Broadcaster NHK first reported the news of Ghosn’s detention. The channel described the re-arrest as a highly strange move for the person freed on bail. Well, it is a stunning twist in the once-famous star’s dive from grace.

The local TV footage displayed arrival of prosecutors at Ghosn’s Tokyo apartment. It is the fourth detention of Mr. Ghosn. Before this, prosecutors arrested him in November over claims of under-reporting salary. After that prosecutors re-arrested the ex-chairman twice in December asserting a violation of trust. While Japanese prosecutors said, Ghosn is liable for $5m losses to Nissan over a period of two and a half years. During the time, he violated his legal responsibilities towards the company and aimed for personal growth.

After detention, Mr. Carlos published a statement, in which he described the move as additional legally suspicious claims. He revealed the arrest as baseless and shocking. Ghosn said the step is another effort of some people at Nissan. He claimed they are trying to quiet him by confusing the attorneys. Still, the 64-year-old man remains strong and says nothing can break him. Ghosn stands firm of his innocence of the groundless charges and allegations against him. After facing prolonged detention of 108 days, Mr. Carlos now expects for a fair judgment. The former Nissan executive planned for a press conference in the upcoming week. But the detention has stopped him from exposing his story. Although, Mr. Carlos is one of the best leaders in the global automobile market. His decline not only affected the partnership between Nissan-Mitsubishi-Renault, but it also lined throughout and then beyond the automobile industry.

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Jason Amato

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