Ghosn arrest threat comes before news conference

Bloomberg

In another bizarre plot twist in Carlos Ghosn’s long-running legal troubles, the former Nissan Motor Co chairman may be re-arrested on fresh charges just as he was preparing to tell his side of the story.
The drama surrounding the former auto czar reignited when he tweeted that he’s planning to hold a news conference on April 11 to “tell the truth” about accusations against him for alleged financial crimes. Soon after, the Sankei newspaper reported that Ghosn would be re-arrested by prosecutors in Tokyo on a new charge of breach of trust.
Ghosn, who’s been free on bail for almost a month, tweeted from a newly created and verified Twitter account.
The former auto executive, who has been preparing for his trial on charges of financial misconduct, has vigorously denied accusations of transferring personal trading losses to the automaker and under-reporting his income. He was arrested Nov. 19 and jailed for more than 100 days.
“The new charges sound more substantive and serious than the two outstanding criminal charges,” said Stephen Givens, a professor of law at Sophia University in Tokyo.
The sudden arrest of the car titan destabilized an alliance between Nissan, Renault SA and Mitsubishi Motors Corp.
Renault and Nissan have uncovered payments made under Ghosn that allegedly went towards corporate jets, a yacht and his son’s startup, leading the French carmaker to alert authorities about potential wrongdoing.

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