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Ex-CEO Ghosn Indicted for 4th Time

Prosecutors in Japan have indicted former Nissan/Renault CEO Carlos Ghosn for a fourth time, accusing the former executive of misappropriating another $5 million in funds.

According to the reports, the latest accusations involve the former CEO of funneling $5 million through a third-party company for personal use. He is currently awaiting trial in Japan on three other indictments. Ghosn was initially arrested in November of last year and was held in detention until early March. He was released on bail but arrested again on April 4. He has denied any wrongdoing.

Related: Carlos Ghosn Officially Steps Down from Renault Roles

Ghosn is not the only former automotive executive facing new charges. German prosecutors announced last week they would press fraud charges against former Volkswagen CEO Martin Winterkorn and four others. The charges are related to the ongoing diesel emissions scandal, in which the automaker manipulated emissions numbers to pass U.S. standards.

Posted on April 22, 2019 at 11:27 am

Categories: News

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