Tokyo Court Extends Ghosn's Detention until Jan. 11


Tokyo, Dec. 31 (Jiji Press)--Tokyo District Court on Monday extended the detention of former Nissan Motor Co. <7201> Chairman Carlos Ghosn until Jan. 11.

The move allows Tokyo prosecutors to continue questioning Ghosn, who faces suspicions that he shifted his personal losses to the Japanese automaker.

Ghosn was arrested by the prosecutors on Nov. 19 for allegedly understating his compensation in Nissan's financial statements and indicted on the charges on Dec. 10.

The prosecutors served him with a fresh warrant on the alleged shift of his investment losses to Nissan on Dec. 21, the day after the court rejected their request to extend Ghosn's detention, raising the possibility of his release on bail.

During the first three days of the New Year when people are usually off from work in Japan, Ghosn will be allowed to meet lawyers, except for New Year's Day on Tuesday, sources familiar with the matter said.

[Copyright The Jiji Press, Ltd.]

Jiji Press