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Kyodo: Nissan's Ghosn to be detained for another 10 days

Added 11-21-18 04:04:02am EST - “Japanese media report Nissan Chairman Carlos Ghosn will be held in custody for another 10 days.” - Foxbusiness.com


Posted By TheNewsCommenter: From Foxbusiness.com: “Kyodo: Nissan's Ghosn to be detained for another 10 days”. Below is an excerpt from the article.

A man walks past the logo of Nissan Motor Co. at Nissan Motor Co. Global Headquarters in Yokohama near Tokyo Wednesday, Nov. 21, 2018. France's Renault says it has decided to keep its CEO Carlos Ghosn on despite his arrest in Japan on allegations that he misused assets of partner Nissan Motor Co. and misreported his income. Renault's board of directors announced late Tuesday that the No. 2 at the company, Chief Operating Officer Thierry Bollore, would temporarily fill in for Ghosn. (AP Photo/Eugene Hoshiko)

Ghosn was arrested earlier this week on suspicion of falsifying income reports by millions of dollars and misusing company assets for personal gain.

Kyodo News service also reported Wednesday that another Nissan executive Greg Kelly will also be detained for another 10 days. Kelly was arrested late Monday on suspicion of collaborating in the wrongdoing.

Under Japanese law, suspects can be held for 20 days per possible charge without getting an official indictment.

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