A Japanese court has rejected a bid by former Nissan boss Carlos Ghosn to end his detention over financial misconduct.
The court’s decision on Wednesday came a day after the former chairman of Nissan Motor Company made his first court appearance since his arrest on November 19.
During the hearing on Tuesday, the once high-flying car industry executive denied accusations of falsifying financial reports.
“Contrary to the accusations made by the prosecutors, I never received any compensation from Nissan that was not disclosed, nor did I ever enter into any binding contract with Nissan to be paid a fixed amount that was not disclosed,” he said.
Ghosn’s lawyers had appealed to the court to free the auto tycoon, claiming that there were no grounds for his detention, which has now lasted more than 50 days.
The Brazilian-born Frenchman is accused of under-reporting his income by about 5bn yen ($44m) over five years until 2015, apparently in response to criticism that he earned too much.
Since November, Ghosn has been re-arrested twice. He was kept in Tokyo’s Kosuge detention house since Japanese law states that suspects can be detained without charge for up to 23 days.
Japanese prosecutors explained that Ghosn represented a flight risk and were concerned he could tamper with evidence.
The auto tycoon’s case could have ramifications on French and Japanese diplomatic relations given that Renault holds 43 percent of Nissan, while Nissan in turn owns 15 percent of Renault.
His current detention period is set to run until Friday where he could either be freed on bail or see his detention extended.
President Buhari’s Assent To Poly Act Bill, A Laudable Achievement – ASUP
The Academic Staff Union of Polytechnics (ASUP) on Wednesday lauded President Muhammadu Buhari for signing the Polytechnic Act Amendment Bill...
Kaduna, Adamawa, Taraba Now Produces Quality Rubber – Institute
Dr Wuranti Vala, an official of the National Rubber Research Institute of Nigeria, has said that Kaduna, Adamawa and Taraba...
Iran Says Europe Not Cooperating In Oil Buy
Iran’s Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna, Austria December 6,...
Rep Assure Constituents Of Security, Youth Empowerment In Zamfara
A member of the House of Representatives, Alhaji Kabiru Mai-palace, says he will tackle problems of insecurity and unemployment in...
AHF Launches ‘Boys 2 Men Program’ To Close Adolescent Gender Gaps
By Jerry Emmanson, Abuja AIDS Healthcare Foundation (AHF – Nigeria) under its STYLE UP concept, which focuses on adolescents and...
CLO Investigate Strange Drowning Of 2Yr-Old Boy In Fish Pond
The Civil Liberties Organisation has set up a four-man committee to investigate the strange drowning of a two years old...
EDHA: APC Condemns Conduct Of Some Members-Elect
***Says Actions Betray Trust Of Edo People The leadership of the Edo State Chapter of the All Progressives Congress (APC)...
NEWS19 hours ago
JUST-IN: PMB Signs Polytechnic Amendment Bill, One Other Into Law
EDUCATION24 hours ago
Free Schools: OPM Founder Bags NANS Icon Award
OPINION23 hours ago
Yari, Zamfara Politics And The Burden Of History
FEATURES9 hours ago
NASS Inauguration: How Clerk Averted Constitutional Crisis
NEWS23 hours ago
BNHA Approves Ortom’s Request To Appoint 26 Special Advisers
NEWS20 hours ago
Police Discover Body Of Indian Magician Who Attempted Houdini Trick
NEWS20 hours ago
Oyegun Salutes New Edo Speaker, Commends Obaseki
POLITICS24 hours ago
S’East APC Groups Make Case For Majority Leader, SGF.