Exiled Nissan chief Carlos Ghosn has been arrested in Japan, less than a month after he was released on bail. Prosecutors arrived the previous auto executive's Tokyo home, and rearrested him on new charges of financial misconduct.
A spokesman from his side mentioned that he was rearrested to prevent him from destroying evidence in future. The prosecutors alleged Ghosn of consuming Nissan funds for individual use. To detail it during the period of 2015 to 2018, Nissan transferred payments to dealers that was controlled by Ghosn. This caused Nissan to lose about USD 5 million.
The name of the dealer and where it is based is still kept under wraps. However, the news of Nissan making questionable payments have come across several times before also. At present Ghosn is awaiting trial and he mentioned that his income for years and also has been reported to transfer investment losses to the company. However he denies the charges.
"My arrest this morning is outrageous and arbitrary," Ghosn mentioned. "It is part of another attempt by some individuals at Nissan to silence me by misleading the prosecutors. Why arrest me except to try to break me? I will not be broken. I am innocent of the groundless charges and accusations against me."
He also questioned the operating style of Japan’s law and justice scenario. Hironaka mentioned that the prosecutors seized documents from Ghosn, and also seized the important documents like passport and mobile phone of his wife.
Renault revealed some new accusations towards Ghosn on Wednesday, suing that expenditures acquired by its former CEO were questionable and violated its ethics rules. It also proclaimed Ghosn's resignation from its board.
Ghosn's downfall and lengthy detention surprised the international car industry, created tensions among Nissan and Renault, and elevated questions about Japan's criminal justice system.