New arrest warrants issued against Nissan’s Former Chairman in Japan

Japanese prosecutors issued a new arrest warrant against Nissan Motor’s former head, Carlos Ghosn filing charges of aggravated breach of trust, local media reported on Friday. The arrest warrant was related to suspicions that Ghosn had covered up private investment losses of around 1.85 billion yen ($16 million) with the payments made in 2009 from the Nissan funds.

Marking the expiration of Ghosn’s detention under two previous warrants. However, the court dismissed the request. Meanwhile, the Japanese NHK broadcaster reported, that Ghosn’s associate, Greg Kelly, who was arrested alongside the ex-head of Nissan on November 19, might be released on bail later on Friday. Both Ghosn and Kelly have originally been charged with failure to report to regulators billions of yen in remuneration for Ghosn since 2010.

The Insides Speak.