defense team: With the latest charge, Ghosn is accused of expropriating a Nissan subsidiary's payments to Suhail Bahwan Automobiles, a Nissan distributor in Oman. ; Prosecutors allege that some of the money, about 560 million, had been siphoned off by Ghosn and sent to Good Faith Investments GFI a Lebanese investment firm he effectively controlled, for his own personal use, such as for the purchase of a luxury yacht, according to The Japan Times. Ghosn's defense team submitted a request for bail later in the day. Chairman Carlos Ghosn for a fourth time, this charge for allegedly misappropriating the company's money for personal use an accusation described by legal experts as the most serious brought against him so far. He had already been arrested and indicted on charges related to underreporting his remuneration for years and making Nissan cover some of his personal investment losses in 2008. Carlos Ghosn is innocent of the latest charges brought against him by the Tokyo prosecutors, aided and abetted by certain Nissan conspirators, a spokesperson for Ghosn said in a statement Monday. He denies any wrongdoing.
(news.financializer.com). As
reported in the news.
Tagged under defense team, money topics.