Detention Of “Ghosn” Extended For 10 Days

By: Mohamed El-Roby

TOKYO, Dec. 24 (SEE)-  A Japanese court today extended for 10 days the detention of ousted Nissan Motors chairman Carlos Ghosn, who is facing new allegations of making the car maker shoulder $16.6 million in personal investment losses.

According to Reuters the extension announced by the Tokyo District Court means Ghosn will remain in Tokyo’s main detention center, where he has been confined since his arrest last month on initial allegations of financial misconduct.

Ghosn was re-arrested on Friday based on suspicions that around October 2008 he shifted personal trades to Nissan to make it responsible for 16.6 million US dollars in appraisal losses, prosecutors said.

They said the move inflicted damage on Nissan by having it deposit a total of 14.7 million US dollars on four occasions between June 2009 and March 2012 into a related bank account.