Ghosn re-arrested on new allegations

Carlos Ghosn has been detained  in Tokyo for over a month now

Carlos Ghosn has been detained in Tokyo for over a month now

Former Nissan chairman Carlos Ghosn has been re-arrested in Japan on new allegations.

It had been expected that he would be released on bail today, but new allegations of 'aggravated breach of trust', have been filed by Tokyo prosecutors, triggering the re-arrest and his continued detention in Tokyo.

Reports in Japan say Ghosn faces up to ten further days in custody. They also say the latest charges relate to losses incurred by Ghosn's personal asset management company, which were allegedly passed on to Nissan.

The Nikkei reports that Ghosn is suspected of transferring personal losses of 1.85 billion yen (US$16.6m) to Nissan in October 2008. The losses were supposedly incurred from activities including currency derivative transactions, the report said.

Prosecutors argue that Ghosn's actions conflicted with his role as a CEO by incurring losses on the company for the benefit of an individual or third party, resulting in a breach of trust, Nikkei reported.

The report added that Greg Kelly has not been rearrested and applied for bail today.

Prosecutors also raided Ghosn's residence in Tokyo on Friday in search of evidence, broadcaster TV Asahi reported.

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