Kyodo: ex-Nissan chair Ghosn indicted for breach of trust

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Kyodo: ex-Nissan chair Ghosn indicted for breach of trust

Associated Press | Friday, January 11, 2019 12:30 a.m.

In this May 12, 2016, photo, then Nissan Motor Co. President and CEO Carlos Ghosn speaks during a joint press conference with Mitsubishi Motors Corp. in Yokohama, near Tokyo. The arrest of Nissan’s former chairman is drawing attention to the criminal justice system in Japan, where there is no presumption of innocence and accused people can be held for months before trial. The system, sometimes called “hostage justice,” has come under fire from human rights advocates. But Ghosn’s plight is routine in Japan. People have signed confessions, even to killings they never committed, just to get out of the ordeal. The conviction rate in Japan is 99 percent.(AP Photo/Eugene Hoshiko)

TOKYO — Nissan ex-Chairman Carlos Ghosn was charged Friday with breach of trust in the latest blow for the star executive, according to the Tokyo District Court.

Ghosn was detained Nov. 19. Earlier, he was charged with falsifying financial reports in underreporting his income by about 5 billion yen ($44 million) over five years through 2015.

Ghosn; Greg Kelly, another Nissan executive; and Nissan as a legal entity were charged Friday with additional underreporting of income, from 2015 through fiscal 2017.

Ghosn’s lawyer said he would request Ghosn be granted release on bail. His detention period was due to expire Friday.

Kelly and Nissan were not charged with breach of trust. Those allegations center on Ghosn’s handling of investment losses and payments made to a Saudi businessman.

Ghosn says he’s innocent.

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