Nissan chief Carlos Ghosn 'unlikely to be released' after more charges

Nissan unveils new Leaf car after Ghosn's arrest delays

The 64-year-old was charged on Friday with aggravated breach of trust for temporarily transferring personal investment losses to Nissan in 2008, and for understating his compensation for three fiscal years through March 2018, according to the Tokyo District Court.

In his statement, Ghosn also listed his achievements during his time as head of Nissan, and added: "I have a genuine love and appreciation for Nissan".

Ghosn, who denies the allegations, has shown no signs of backing down.

His lawyers nonetheless filed a bid to end his detention, but the request, and an appeal, were both rejected.

Even if bail were granted, Ghosn would not likely be released until Tuesday given that Monday is public holiday.

If and when Ghosn will be out on bail, his movements are likely to be restricted to his home or a hotel, and he'll need a court permission to leave the country, legal experts have said.

Nissan Motor Co Ltd 7201.T has terminated the lease to ex-Chairman Carlos Ghosn's luxury apartment in Tokyo, Ghosn's legal team said on Friday, as the Japanese automaker cuts ties with the executive following his arrest in November.

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The two were charged on December 10 and served with fresh arrest warrants for similar alleged misconduct during the three years through March 2018. The sum of the remuneration that was allegedly underreported totals about ¥9 billion ($83 million). He is also suspected of breach of trust, in having Nissan shoulder investment losses in foreign exchange transactions, and making questionable payments to a Saudi businessman. What of the Alliance between Nissan, Mitsubishi, and Renault? He also said the payments to the businessman, Khaled Al-Juffali, via a Nissan subsidiary, were compensation for taking care of hard business problems in the Middle East. Nissan has dismissed Kelly from his role as a representative director.

Ghosn's prolonged detention has put the spotlight on Japan's justice system, which has come in for some worldwide criticism.

Apart from prosecutors, only embassy officials and Ghosn's lawyers are allowed to visit him.

Ghosn, who appeared much thinner than before his arrest, came down with a fever the day after his court appearance, but has since recovered, Ohtsuru, the lawyer, said.

Ghosn holds French, Lebanese and Brazilian passports and his children live in the U.S. His wife said that her husband is living in "harsh conditions" and enduring "unfair treatment", and that authorities have not let the family speak with medical personnel at the detention center. They were unable to do so on Thursday as a doctor at the Tokyo Detention House said he needed some rest.

His defense team said he could remain in detention for at least another six months as a court rarely grants bail before a trial begins and because Ghosn denies the allegations completely.

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