Carlos Ghosn former boss of Nissan has been recently surrounded by number of charges, it has been like a downhill for him with charges being levied. Earlier fourth charge was levied in contradiction of Mr Ghosn and it connects to the alleged misuse of funds, basically meant for company.
The sixty five-year-old is currently kept under custody in Tokyo and at present his lawyers have requested for bail. Mr Ghosn, has denied any type of wrongdoing, and has mentioned that any allegations are due to a plot against his creditability.
He was initially taken under custody in November and spent almost 108 days in custody. While out on bail unresolved a trial, the previous boss of the company was again arrested in Tokyo on 4 April. Prosecutors complain that Mr Ghosn made a multi-million-dollar payment to a distributor in region of Oman for Nissan. The amount is valued at USD 5 million and which was later channeled to an account organized by Mr Ghosn.
Nissan, the company which he operated once has filed its own criminal grievance towards Mr Ghosn, condemning him of pointing money from the corporation funds to his own personal accounts for personal use.
In the year of 2015, Mr Ghosn was initially charged with under-reporting his pay package for a period of five years. Later in January, new charges were levied that he also underreported compensations received for another period of 3 years and have indicted a breach of trust.
The downhill of the industry titan has garnered attention across the globe. The controversy also put in spotlight the alliance between carmaker and the legal system across Japan.
Mr Ghosn was the main architect of the association formed between Japan's Nissan and French carmaker Renault, and conveyed Mitsubishi on board in 2016.
He has been successful in turning the fortunes and profits of Nissan and Renault over the last many years. Earlier during the month Mr Ghosn, mentioned the claims were conspiracy against him, blaming Nissan executives of "backstabbing" him.