Law And Order
Nissan's former chairman re-arrested in Japan
The former chairman of Nissan Motor Co. was re-arrested Friday in Japan, with prosecutors accusing him of shifting personal losses to the company, Japanese media reports.
It's alleged that Carlos Ghosn had Nissan briefly take on a private investment loss of approximately $16.6 million during the global financial crisis in October 2008. On Nov. 19, Ghosn and former Nissan executive Greg Kelly were arrested and later indicted on charges they underreported Ghosn's compensation in security filings for several years.
Ghosn has spent the last month in a Tokyo jail. On Thursday, a court denied the request of prosecutors to extend his detention, and before he was re-arrested on Friday, it was believed that he might be let out on bail before the weekend.