Ghosn detention extended by 10 days

Hani Joudi December 23, 2018

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Ghosn will remain in Tokyo’s main detention center.

TOKYO — A Japanese court on Sunday extended for 10 days the detention of ousted Nissan Chairman Carlos Ghosn, who is facing new allegations of making the automaker shoulder $16.6 million in personal investment losses.

The extension by the Tokyo District Court means Ghosn will now remain until Jan. 1 in Tokyo’s main detention center, where he has been confined since his arrest last month on initial allegations of financial misconduct.

Ghosn was re-arrested on Friday based on suspicions that around October 2008 he shifted personal trades to Nissan to make the company responsible for 1.85 billion yen ($16.6 million) in appraisal losses, prosecutors said.

They said the move inflicted damage on Nissan by having it deposit a total of $14.7 million on four occasions between June 2009 and March 2012 into a related bank account.