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Mr Ghosn loses appeal against detention and dimming bail prospects

Auto News - Published on Fri, 11 Jan 2019

Image Source: IndustryWeek
Industry Week reported that Mr Carlos Ghosn lost an appeal against his ongoing detention, diminishing prospects of an early release on bail for the auto industry icon fighting charges of financial misconduct while he was heading Nissan. The Tokyo District Court rejected the petition filed by Ghosn’s defense team, according to a statement from the court shared with the media by the Foreign Press in Japan Wednesday. Mr Ghosn’s lawyers will appeal the decision in a higher court, NHK reported.

Wednesday’s decision by the judge means Ghosn could spend his time locked away in jail until an actual trial, which his main lawyer Motonari Otsuru has said may be as long as six months away. Ghosn’s current custody ends January 11, and prosecutors are likely to slap new charges or request another extension as they build a case against him.

In his defense, Ghosn offered a two-pronged response. Mr Ghosn said he had been wrongly accused and unfairly detained, terming the accusations “merit-less and unsubstantiated.” He also painted a picture of a loyal company man who wouldn’t dream of harming a corporation for which he had “a genuine love and appreciation.”

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Posted By : Joykumar Irom on Fri, 11 Jan 2019
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