Detention of Nissan's ex-chair Ghosn extended to April 22 | AP business

A Tokyo court on Friday approved the detention of Nissan's former Chairman Carlos Ghosn through April 22, allowing prosecutors to interrogate him daily on fresh allegations of financial misconduct. Before the decision, the detention period was set to end on Sunday. The Tokyo District Court has not explained the reason behind its decision.

The three carmakers said last month they would establish the new body and operate it in a "consultative" manner after criticizing the previous management structure, where power was concentrated in Ghosn's hands. He has denied any wrongdoing.

The court approved prosecutors' request to continue to hold Ghosn.

A Japanese court in principle grants bail when there is no risk of a suspect fleeing or destroying evidence.

Ghosn was arrested for a fourth time on April 4 on suspicion of aggravated breach of trust connected to the misuse of Nissan funds causing a $5 million loss to the automaker.

Renault owns 43 percent of Nissan.


According to elements of Nissan's internal investigation, part of the sums allegedly diverted resulted in the accounts of a company she runs, "Beauty Yachts", registered in the British Virgin Islands.

Ghosn has been charged with falsifying financial documents in underreporting his compensation, and with breach of trust in using Nissan money for dubious payments.

Nissan Motor Co. shareholders earlier this week removed Ghosn from its board, severing a near two-decade relationship with the once-feted auto executive who is widely credit for rescuing Nissan from near-bankruptcy in 1999.

Nissan CEO Hiroto Saikawa, Renault CEO Thierry Bollore and Mitsubishi Motors CEO Masuko Osamu attended the meeting, which was chaired by Renault Chairman Jean-Dominique Senard at the French carmaker's headquarters in Boulogne-Billancourt, in the suburbs of Paris.

In a video message released by his lawyers on Tuesday, Ghosn said that "conspiracy" lies behind his arrest and noted that a "few executives" at Nissan felt threatened about the autonomy of the company due to a possible convergence or merger with its partner Renault SA.


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