Nissan moves to block Ghosn access to Rio flat

Ex-Nissan boss formally charged for financial misconduct

Ex-Nissan boss formally charged for financial misconduct

The allegations newly reported on Monday would increase that amount by 4 billion yen ($36 million).

Ghosn, 64, who is credited with having rescued Nissan from near-bankruptcy in the 1990s, was arrested by prosecutors on November 19 on a charge of violating a financial law by making misstatements in the reports for the five fiscal years from fiscal 2010.

Monday represents the final day that prosecutors can hold Ghosn and Kelly before either charging or re-arresting them, and a further arrest would allow them another 22 days of questioning.

Former Nissan Motor Chairman Carlos Ghosn - prior to his arrest last month in Tokyo - planned to replace the automaker's CEO, Hiroto Saikawa, The Wall Street Journal reported, citing people with knowledge of the matter.

Both Ghosn and Kelly were arrested and remain in custody without bail.

Only Ghosn's attorneys and embassy officials from Lebanon, France and Brazil, where he has citizenship, have been allowed to visit him. Ghosn, under pressure from the French government, had pushed for a deeper tie-up including a possible full merger between Renault and Nissan, despite strong reservations at Nissan.

The scandal has also been viewed as a battle between Nissan and Renault, the French auto company that Ghosn also runs and which has a controlling share in the Japanese carmaker.

Blitzboks make ideal start to Cape Town 7s
Fiji had earlier defeated Spain in their quarterfinal 46-7 and later beat hosts South Africa in their semifinal 17-12 early this morning.

The authorities had been expected to re-arrest Ghosn on suspicion that he also under-reported his income by a further four billion yen over the past three years.

A person close to the Tokyo prosecutors' office told Reuters that Ghosn, Kelly and Nissan itself will be indicted as early as Monday.

"Also, in regards to Ghosn, numerous other significant acts of misconduct have been uncovered, such as personal use of company assets, and Kelly's deep involvement has also been confirmed".

He was parachuted into Nissan and began a huge corporate overhaul when Renault acquired the then-ailing Japanese manufacturer in 1990.

Credited with saving Nissan from bankruptcy through a series of hardnosed measures, including closing plants and restructuring, Ghosn is a household name in Japan, where he is one of few high-profile foreign executives.

"Nissan identified serious misconduct related to the reporting of Mr Ghosn's compensation". Renault has defied Nissan, its board retaining Ghosn as Renault chairman.

His compensation package from Renault prompted a spat with shareholders and criticism from Emmanuel Macron, when he served as France's economy minister.

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