Nissan's ex-chair Ghosn appears in court, asserts innocence

Nissan's ex-chair Ghosn appears in court, asserts innocence

Despite all demands to give Ghosn a fair shake, President Emmanuel Macron has been at odds with the executive and with Nissan since obtaining greater government control over Renault as economy minister a few years ago.

Before the hearing, the Khaled Juffali Company issued a statement saying the $14.7 million in payments over four years from Nissan "were for legitimate business purposes in order to support and promote Nissan's business strategy in the Kingdom of Saudi Arabia and included reimbursement for business expenses".

Ghosn added that if he died today - what he described as the "Death Test" - Nissan would not be required to pay his heirs anything but his retirement allowance, which he said showed there was no binding committment for additional pay.

But a judge said incarcerating Mr Ghosn was justified to prevent possible evidence-tampering and the risk that he might flee.

He was handcuffed with a rope around his waist.

According to a statement released before the hearing to some media, including The Associated Press, by people familiar with the case, Ghosn said he had "acted honourably, legally and with the knowledge and approval of the appropriate executives inside the company with the sole goal of supporting and strengthening Nissan".

Regarding allegations that he transferred losses to Nissan, Ghosn said he had asked the company to temporarily take on collateral for his foreign exchange contracts.

The people who released the statement requested anonymity because of the matters' confidentiality.

Khaled Juffali Company issued a statement "to help set the record straight", saying the $14.7 million United States in payments over four years from Nissan "were for legitimate business purposes in order to support and promote Nissan's business strategy in the Kingdom of Saudi Arabia, and included reimbursement for business expenses".

More news: Kelly to Expose 'Surviving R. Kelly' Accusers on New Website
More news: The new HTC Vive Pro Eye headset comes with integrated eye tracking
More news: NHS Long Term Plan to include focus on technology

If proven, each of Ghosn's alleged offences may carry a sentence of as much as 10 years, prosecutors have said.

"Contrary to the accusations made by the prosecutors, I never received any compensation from Nissan that was not disclosed", his statement said.

His son, Anthony Ghosn, said his father had lost 10 kgs (22 pounds) during his detention, according to France's weekly Journal du Dimanche.

He forged an unlikely three-way alliance between Mitsubishi Motors, Renault and Nissan that now outsells any other rival group.

Renault owns 43 per cent of Nissan, while Nissan owns 15 per cent of Renault. His arrest has shaken the world's largest auto pact, amid speculation it was part of a coup by forces within Nissan aimed at staving off a merger of the carmakers.

Ghosn is expected to remain in detention through his trial.

The shocking arrest and detention of the businessman, who remains chairman and CEO of Nissan's alliance partner, Renault SA, has sparked criticism overseas of Japan's justice system, which effectively allows suspects to be held indefinitely and questioned without a lawyer present.

A whopping 1,122 tickets were handed out on Tuesday in a lottery to attend Mr Ghosn's hearing - about 80 times oversubscribed - for the 14 public seats available in the courtroom gallery. No cameras or audio recordings are allowed to document Japanese court sessions.

Related Articles

  • Omni Sports: Karolina Pliskova wins second Brisbane International title

    Omni Sports: Karolina Pliskova wins second Brisbane International title

    Osaka saved two match points at 3-5, but she eventually lost in the following game when Tsurenko seized on the fourth match point. I can do to like improve the situation", she said. "I'm sure I will be nervous, but it makes it even more exciting.
    Apple trolls Google with giant billboard at CES 2019

    Apple trolls Google with giant billboard at CES 2019

    Both Amazon and Google are expected to make quite a showing at CES , which is billed as the biggest tech conference of the year. Amazon and Google are expected to be in attendance.
    Gregg Popovich 'Felt Badly' Spurs Fans Booed Kawhi Leonard

    Gregg Popovich 'Felt Badly' Spurs Fans Booed Kawhi Leonard

    We all make decisions in our lives about what we're going to do with our futures and he has that same right as any of us. DeRozan finished the game with 21 points, 14 rebounds, and 11 assists, according to ESPN .
  • Cowboys-Rams Betting Odds: Opening Spread, Trends for NFC Divisional Game

    Cowboys-Rams Betting Odds: Opening Spread, Trends for NFC Divisional Game

    The New Orleans Saints will face the Philadelphia Eagles in the Divisional Round of the NFL Playoffs next Sunday afternoon. The Rams have issued a reminder that tickets to Saturday night's game against the Cowboys at the L.A.
    Packers Expected To Hire Matt LaFleur As Head Coach

    Packers Expected To Hire Matt LaFleur As Head Coach

    First-round draft pick Jaire Alexander displayed the potential of playing like the top cornerback the Packers desperately need. Packers have begun notifying other HC candidates that they've interviewed that they're out and the team has made its choice.
    Toronto Maple Leafs vs. Nashville Predators - 1/7/19 NHL Pick, Odds, and Prediction

    Toronto Maple Leafs vs. Nashville Predators - 1/7/19 NHL Pick, Odds, and Prediction

    Julien said Brendan Gallagher, who did not practice on Friday, is also expected to dress against the Predators. The Canucks, who wrapped up a six-game road trip, have been shut out in three of their last four outings.
  • Pelosi, Schumer Demand Equal Air Time to Argue Border Security

    Pelosi, Schumer Demand Equal Air Time to Argue Border Security

    The president tweeted that he will address the nation on the "Humanitarian and National Security crisis on our Southern Border". The government is on day 16 of the partial shutdown - the second-longest in history slated to become the longest this weekend .

    Conor McGregor wants an exhibition fight with Tenshin Nasukawa next

    McGregor fought Mayweather in a boxing bout, losing in the 10th round after a tense fight in April a year ago . "Dear Mr. Mayweather's bout with Nasukara was his first since his victory over former two-weight UFC champion McGregor.
    New backlash has Kevin Hart abandoning Oscar-job reconsideration

    New backlash has Kevin Hart abandoning Oscar-job reconsideration

    Kevin Hart's drama over hosting the Academy Awards deserves its own Oscar for all the high-octane shenanigans. It wasn't a coincidence that the day after I received the job, that tweets just somehow manifested from 2008.
  • Uber driver admits killing six on job

    Uber driver admits killing six on job

    The defendant faces six counts of murder, two counts of assault with intent to commit murder, and eight counts of felony firearm. Jason Dalton's surprise guilty pleas occurred as lawyers and a judge planned to pick a jury Monday in Kalamazoo County court.
    GitHub is giving free users unlimited private repositories

    GitHub is giving free users unlimited private repositories

    GitHub revealed today that it's making a couple of big changes that should be good news for developers of all stripes. The new free tier for private repositories will be a boon to students and small developers alike.
    First 'Game of Thrones' final season footage arrives in HBO teaser

    First 'Game of Thrones' final season footage arrives in HBO teaser

    Though Sansa tells Daenerys, " Winterfell is yours, your Grace ", the moment displays a lot of tension between the two. Meryl Streep , who plays his mother in the new season, says she wants to find out what happened to her son.