Don’t miss the latest developments in business and finance.

One year after arrest, Ghosn seeks to throw out case against him

Image
AFP Tokyo
Last Updated : Nov 17 2019 | 10:30 AM IST

One year ago, the sudden arrest at a Tokyo airport of Nissan boss Carlos Ghosn, one of the world's best-known and respected tycoons, sent shock waves through the business world.

After 130 days languishing in a Japanese detention centre, Ghosn is now out on bail and vigorously proclaiming his innocence, seeking to have his case declared null and void -- even if legal experts and his own defence deem his chances unlikely.

The 65-year-old Brazil-born executive faces charges of deferring part of his salary until after his retirement and concealing this from shareholders, as well as syphoning off millions in Nissan cash for his own purposes.

Ghosn denies every charge and has accused prosecutors and even Japanese government officials of colluding in a "plot" with Nissan to find a way to destroy him, fearful he was seeking to merge the firm with France's Renault.

His defence team filed a motion on October 24 to throw out the case given what they allege is illegal activity by Nissan and the prosecution -- including seizing his wife's phone and searching private homes.

But even his own defence lawyer Takashi Takano is doubtful of success, telling AFP: "There are no precedents and Japanese courts are very reluctant to accept this type of argument." Yasuyuki Takai, a former head of the special prosecutors' bureau in Tokyo, agreed: "This motion has zero chance of succeeding."

Also Read

First Published: Nov 17 2019 | 10:30 AM IST

Next Story