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A Japanese court on Friday ruled that Carlos Ghosn will stay in detention till April 22, as prosecutors grill the former Nissan boss more than allegations of economic misconduct.

The 65-year-old will be held in custody at a detention centre in Tokyo till then, whereupon authorities will either have to press formal charges, release him or re-arrest him if they really feel he has other accusations to answer.

Prosecutors are seeking into allegations that Ghosn siphoned off some $five million from funds allegedly transferred from Nissan to a dealership in Oman, and spent the cash on a luxury superyacht.

Ghosn has not been formally charged more than these allegations.

But the tycoon does currently face 3 separate charges. Two of these relate to millions of dollars in salary believed to have been concealed from shareholders. The third charge is that he sought to shift individual investment losses to organization books.

Ghosn denies all allegations and lashed out in a video message shown on April 9 — at what he termed a “plot” by “backstabbing” Nissan executives scared of closer integration with French companion firm Renault.

Ghosn’s wife Carole has increasingly turn out to be a crucial figure in the case and was questioned by authorities on Thursday.

According to a supply close to the matter, some of the $five million for the yacht was funnelled to a British Virgin Islands-listed company which has Carole Ghosn registered as president.

‘Worst enemy’

The case has bewitched Japan and the small business planet considering the fact that the tycoon was arrested out of the blue at a Tokyo airport on November 19 and whisked off to the detention centre.

He spent 108 days in an initial period of custody, in situations he mentioned he would not want on his “worst enemy”, deprived of his watch, forced to sleep with the light on and forbidden from make contact with with his loved ones.

He then won bail, stumping up $9 million for his freedom and submitting to strict bail situations which includes not applying the web or contacting anybody connected to the case.

But in yet another twist, he was then re-arrested in a dawn raid for additional questioning.

His lead defence lawyer, Junichiro Hironaka, has filed an appeal to the Supreme Court but warned it would not be a rapid procedure.

After hailed as Nissan’s saviour, Ghosn is fighting to restore his reputation as the firm says an internal investigation uncovered “substantial proof of blatantly unethical conduct” by the former boss.

He was removed virtually instantly from the head of the organization and later resigned as boss of Renault as he fights the allegations.

Nissan shareholders have also removed him as a board member.

His lengthy detention has sparked some criticism of the Japanese justice method, derided by some as “hostage justice” as suspects can be held for a extended time devoid of formal charges.

Ghosn has mentioned his lawyers have voiced some doubts more than no matter if he will get a fair trial. Virtually each case that comes to trial in Japan outcomes in a conviction.

(AFP)

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