GLOBAL ONE NEWS (G1) — The former Nissan chairman who was sacked and jailed over alleged salary under-reporting will soon be released from prison — only to be rearrested on new charges.
In an unexpected decision, the Tokyo District Court on Dec. 20 rejected the prosecutors’ appeal to extend the detention of Nissan’s ex-chairman Carlos Ghosn.
Ghosn was first detained in November after reportedly understating his pay package during his five-year term. Japanese media said he under-reported money amounting to 5 billion yen (nearly $45 million).
He has since denied allegations.
However, his freedom was not long-lived — on Dec. 21, he was arrested for breach of trust.
Following his initial arrest, Nissan and Mitsubishi removed him from his post.
According to the BBC, if Ghosn is convicted, he may serve 10-year jail time and could be fined up to 700 million yen ($6.2 million).
Ghosn meanwhile said he would “restore” his “honor in court.”