Request for End of Ghosn's Detention Rejected

Society

Tokyo, Jan. 9 (Jiji Press)--Tokyo District Court decided Wednesday to turn down a lawyer request for ending the detention of former Nissan Motor Co. <7201> Chairman Carlos Ghosn over alleged aggravated breach of trust for transferring his private losses to the Japanese automaker.

Appearing in court on Tuesday, Ghosn, 64, claimed that he was "innocent of the accusations" against him.

At the hearing, the court said that Ghosn had been detained due to the possibility of him escaping abroad or destroying evidence.

Seeking to cancel his detention, Ghosn's defense side claimed at the hearing that it would be difficult for him to escape as he is a very well-known businessman and that there was no risk of him destroying evidence.

Ghosn is suspected of shifting financial derivatives contracts with appraisal losses of some 1.85 billion yen from his private asset management company to Nissan in 2008, according to investigations by the special investigation squad of the Tokyo District Public Prosecutors Office.

[Copyright The Jiji Press, Ltd.]

Jiji Press