Ghosn Indicted for 4th Time, on Fund Misuse Charge


Tokyo, April 22 (Jiji Press)--Public prosecutors charged former Nissan Motor Co. <7201> Chairman Carlos Ghosn on Monday with suspected use of over 500 million yen of company funds for private purposes, in the fourth indictment relating to his alleged financial misconduct.

The special investigation squad of the Tokyo District Public Prosecutors Office suspects Ghosn, 65, of aggravated breach of trust under Japan's companies law for the misuse of the Nissan funds, via an automotive dealer in Oman.

With Ghosn already indicted on aggravated breach of trust charges for inappropriately transferring a total of about 1,284 million yen of Nissan funds to a Saudi businessman, the total amount of company funds subject to suspected misuse by the disgraced auto mogul now exceeds 1.8 billion yen.

According to informed sources, Ghosn has denied all the charges and refused to speak about the latest charge.

His defense applied for bail to Tokyo District Court on Monday.

[Copyright The Jiji Press, Ltd.]

Jiji Press