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I have been wrongly accused - Mr Ghosn

Auto News - Published on Thu, 10 Jan 2019

Image Source: Inside EVs
Automotive News reported that a handcuffed Carlos Ghosn made his first public appearance since being arrested almost two months ago, telling a Tokyo court he was wrongly accused and unfairly detained as he mounted a point-by-point defense against the accusations facing him. Mr Ghosn concludes that “I have always acted with integrity and have never been accused of any wrongdoing in my several-decade professional career. I have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations.”

In his prepared statement, Ghosn emphasized his devotion to Nissan and his achievements in transforming it from a near-bankrupt national embarrassment when he arrived in 1999 into a “pillar of the Japanese economy” today. He cited figures to back up the radical revival.

Mr Ghosn said that “We transformed Nissan, moving it from a position of a debt of 2 trillion yen (USD 18.5 billion) in 1999 to cash of 1.8 trillion yen (USD 16.6 billion) at the end of 2006, from 2.5 million cars sold in 1999 at a significant loss to 5.8 million cars sold profitably in 2016.”

Presiding judge Yuichi Tada read out charges and declared that Ghosn is being detained because he represents a flight risk and might destroy evidence.Tada read statements describing complicated charges that outlined Ghosn's alleged act to transfer personal investment losses to Nissan. The judge gave the monetary figure, which came to be around 1.85 billion yen (USD 17.1 million).

The hearing was called by Ghosn's lawyers through a rarely used Japanese legal proviso that allows suspects to petition the court to hear a justification of their detention. While it is unlikely to change the course of the case, it provides Ghosn a first chance to defend himself in public, influence the local media and stoke public opinion in his favor.

Source :

Posted By : Joykumar Irom on Thu, 10 Jan 2019
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