Nissan's Munoz Takes Leave of Absence in Wake of Ghosn Arrest

Nissan's Munoz Takes Leave of Absence in Wake of Ghosn Arrest

Nissan's Munoz Takes Leave of Absence in Wake of Ghosn Arrest

The former chairperson of Nissan, Carlos Ghosn will be appearing in a court in Japan, in a few days so as to hear to the reasons of his detention.

Ghosn, who has been accused of financial wrongdoing, will have the option to make a statement as part of the proceedings. Ghosn has already received an indictment for underreporting his income but denied the allegations, saying his remuneration had not been officially fixed and were therefore not subject to obligatory declaration.

Carlos Ghosn will finally see the inside of a court room next week, nearly two months after his arrest on financial crimes.

Ghosn was arrested November 19 and has been charged with falsifying financial reports in underreporting his income.

He was given another arrest warrant on December 21, further extending his detention, on suspicion he transferred personal investment losses to the tune of 1.85 billion yen (17.12 million USA dollars) to Nissan in 2008.

Ghosn was initially arrested on suspicion of underreporting his pay.

Ryanair named 'worst short-haul airline' for sixth year running
Travel editor Rory Boland. "Increasingly you need a calculator to work out what the final bill will be, especially with Ryanair". When the 7,901 participants were asked if there were any airlines they would never travel with, 70 per cent named Ryanair.

Earlier this week, the Tokyo District Court approved an extension to Mr Ghosn's detention until January 11.

Prosecutors have also alleged that Ghosn temporarily shifted 1.85 billion yen ($16.6 million) of losses from his private investments onto a Nissan subsidiary as the global financial crisis erupted in October 2008.

In Japan, suspects are often held for months before trial.

He has been stripped of his leadership roles at Nissan and Mitsubishi Motors but the third member of the auto alliance he helped forge, French automaker Renault, has kept him as nominal head while he fights the charges. Nissan's board of directors dismissed Ghosn as chairman shortly following his arrest.

Nissan has said the alleged misconduct was first brought to its attention by a whistleblower.

"Nor shall he be detained without adequate cause; and upon demand of any person such cause must be immediately shown in open court in his presence and the presence of his counsel", it says.

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