Jump to content
Create New...
  • William Maley
    William Maley

    Tokyo Prosecutors Bring New Charges Forward Against Carlos Ghosn

      The dream of leaving jail has been dashed

    The dream of Carlos Ghosn spending the holidays outside of jail has been dashed. Early this morning in Tokyo, prosecutors re-arrested Ghosn on new charges that allege he shifted personal trades to Nissan to "make it responsible for 1.85 billion yen ($16.6 million) in appraisal losses," around October 2008. Prosecutors also allege that Ghosn had Nissan " deposit a total of $14.7 million on four occasions between June 2009 and March 2012 into a related bank account."

    This re-arrest allows prosecutors to detain Ghosn for another 10 days to allow them to continue building their case against him. It may also hurt his chances of getting bail down the road. Lawyers for Ghosn declined to comment.

    The new allegations would be in violation of Japan’s Companies Act and is seen as a more serious charge than under-reporting income. According to Bloomberg, Ghosn could be facing a maximum prison sentence of 10 years and a 10 million yen fine (about $89,980).

    “It’s a very serious charge. If there was a conviction, I think it would mean that there’s been a judgment that it’s more than just typical self-dealing corporate malfeasance but something that really harmed the company and was particularly malevolent in terms of the amount of planning that went into it,” said Colin Jones, a professor of law at Doshisha University in Kyoto.

    Source: Bloomberg (Subscription Required)

    User Feedback

    Recommended Comments

    2 hours ago, ocnblu said:

    This is pre-WWII Japan, thinking their crap doesn't stink.

    Are you sure about that?  A lot of countries take this stuff seriously to keep high-flying executives from fleeing their country while under indictment. The USA has not be as diligent when it comes to financial crimes as it has been with violent crimes.

    • Agree 2
    Link to comment
    Share on other sites

    Of course he's a flight risk...I'm surprised Renault didn't send a corporate jet to remove him.   Corrupt sleazeball.   Probably has cash stashed in the many cities around the world where he has apartments..

    Edited by Robert Hall
    • Agree 2
    Link to comment
    Share on other sites

    Innocent until proven guilty.  It is very odd to me.  Doesn't it strike anyone else as odd?  Why hasn't Renault jumped on the bandwagon?  Why are they drumming up new charges after a judge was ready to release him?  So weird.

    Link to comment
    Share on other sites

    4 hours ago, ocnblu said:

    Innocent until proven guilty.  It is very odd to me.  Doesn't it strike anyone else as odd?  Why hasn't Renault jumped on the bandwagon?  Why are they drumming up new charges after a judge was ready to release him?  So weird.

    Renault such a Socialist corrupt place France is. Not surprised as they see it as business as usual compared to Asian countries honor. Clearly he stepped on some small toes bringing reaction to his abusive ways.

    Judge releasing him is normal, also normal for prosecutors to keep digging to find new charges.

    • Haha 1
    Link to comment
    Share on other sites

    Asian countries honor?  Have you been reading about all the recent Japanese and Korean automotive related scandals where they've been caught with their pants down?  Pishposh.

    • Haha 1
    Link to comment
    Share on other sites

    On 12/21/2018 at 6:16 PM, Robert Hall said:

    Of course he's a flight risk...I'm surprised Renault didn't send a corporate jet to remove him.   Corrupt sleazeball.   Probably has cash stashed in the many cities around the world where he has apartments..

    He probably has $14.7 million four times over hidden in different bank accounts in different countries.  

    They better give him the 10 years in jail, I don’t think he is sweating the $89,000 fine.

    • Like 1
    • Agree 1
    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • ^^^  I think the last pic is an AI generated picture.    YUCK!!! I mean, if it is one, its a GREAT image, the technology is both awesome and scary. Very real. But fake...and that is the yuck part of it all.  The fakeness.  I like REALITY.  
    • I became a hater when I realized Toyota is just another same ole same ole corporate greed company like any other and when I realized that they had sheeple followers that they had brainwashed thinking that Toyota can never do any harm.  It wasnt a right away hatred either.  It took time. I first noticed something was off about Toyota with the aforementioned engine sludge thing.  And it took years after that when I started questioning folk that drove Toyotas and then incident after incident happened and yet nobody ever was pissed about Toyota's failures.  It all came to a boiling point with me with the unintended acceleration debacle and had it NOT for Toyota settling out of court of billions of dollars, I myself would have chucked it to stupid drivers, but Toyota plead guilty quietly and paid that tremendous fine.  And it peeved me more to see that AMERICAN media kept that quiet also, but also downplyed the WHOLE thing by them ALSO blaming the American driver coming up with excuse after excuse defending Toyota.  And then I read (call it a consipracy theory if you want to) a report (not on the internet) that Japanese automakers convinced the American buyer to perform their regular maintenance at the dealerships and when their was a problem akin to catastrophic failure with the vehicle, the dealership would repair the problem without the owner knowing about the problem and all that was also subsidized by the Japanese government and the WORST offenders of this were Nissan, Toyota, Mitsubishi and Subaru in the 1980s.  Another reason why I dont like this company is that they stopped producing cars for the enthusiast for a little while.  Boring appliance after boring appliance made especially for dumb people that would be better off using public transportation. And in more recent times, better calling an Uber.   I like some cars of theirs. I have pointed this out plenty of times.  No need for me to justify what cars and trucks I like from them.  But you did mention the Lexus LC500 and yeah!  THAT would be one awesome creation.  Id take mine in coupe form though. But if I was doing this car MY way, Id LS/LT swap it.  Nothing crazy done to the engine, just with enough HP and torque to best Lexus' original efforts.  500HP and 500ft/lbs.  In HP, its not much more than what Lexus done, but its the torque figures that make the difference in my make belief dream LC 500. 
    • I actually like the look but at near 9,000 lbs., holy smokes! Instant pot hole maker lol..
    • The LC500 is just a damn fine looking car, regardless of who makes it. Lexus mucks up a lot of exteriors (and not just with the "predator" grill) but the LC500 is not one of them.   I feel you on that. A year ago, it was my right hip (post surgery) and I was doing the same thing as you for a few weeks lol. Rest and recover.
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search