Nissan files civil suit against Ghosn, seeking $91 million in damages
Nissan filed a civil suit Wednesday seeking 10 billion yen ($91 million) in damages from the Japanese automaker's former Chairman Carlos Ghosn. Nissan Motor Co. filed the case in Yokohama District Court to recoup some of the monetary damages suffered, it said, “as a result of years of misconduct and fraudulent activity" by Ghosn. The claim was calculated by adding the costs from what Nissan called Ghosn's “corrupt practices,” such as rent for overseas property, use of corporate jets and paymen
Carlos Ghosn's lawyers in Japan quit after client's flight to Lebanon
One of the Japanese lawyers for former Nissan Chairman Carlos Ghosn has stepped down from that job after his client fled the country. Junichiro Hironaka had been representing Ghosn in his defense against financial misconduct charges. Hironaka said in a statement that the entire team working on the case at his office will quit but did not outline reasons.
Yamaha warns to stay out of large musical instrument cases after Ghosn escape
Yamaha Corporation, has warned people not to try and squeeze inside musical instrument cases after reports former Nissan Motor boss Carlos Ghosn fled Japan concealed inside in one. Ghosn, who is accused of hiding earnings, transferring investment losses to Nissan and misappropriating company funds, escaped from Japan at the end of December for Lebanon. The former auto executive and fugitive has declined to reveal how he slipped past Japanese airport security, or confirm media reports accomplic
Japan minister launches counterattack after Ghosn blasts justice system
Japan's justice minister launched a rare and forceful public takedown of auto executive-turned-fugitive Carlos Ghosn after he blasted the country's legal system as allowing him "zero chance" of a fair trial as he sought to justify his escape to Beirut. In an effort to undo Ghosn's attempt to sway public opinion in his favor, Justice Minister Masako Mori followed shortly with a statement, translated into English and French, and held a news conference after midnight and again around 9:30 a.m. on
Lebanon imposes travel ban on ex-Nissan boss Carlos Ghosn
A Lebanese prosecutor imposed a travel ban on former Nissan boss Carlos Ghosn on Thursday, judicial sources said, after he was questioned over an Interpol warrant issued by Japan seeking his arrest on financial misconduct charges. Ghosn fled Japan to Lebanon, his childhood home, last month as he was awaiting trial on charges of under-reporting earnings, breach of trust and misappropriation of company funds, all of which he denies. The Lebanese judicial authorities also asked Japan for its file
Japan calls Ghosn's escape inexcusable and vows tighter immigration checks
Japan's justice minister on Sunday called the flight of former Nissan Chairman Carlos Ghosn as he awaited trial on financial misconduct charges inexcusable and vowed to beef up immigration checks. Justice Minister Masako Mori said she had ordered an investigation after Ghosn issued a statement a few days ago saying he was in Lebanon.
Ghosn flight prompts renewed focus on Japan's strict justice system
Carlos Ghosn's daring flight from Japan, where he was awaiting trial on charges of financial wrongdoing, has revived global criticism of the nation's "hostage justice," but in Japan is prompting talk of reversing more lenient curbs on defendants. Japanese civil rights groups and the main bar lawyers association have long criticized a system that convicts 99.9% of criminal defendants.
Lebanon gets Interpol fugitive notice for Carlos Ghosn as escape details emerge
Lebanon's justice minister said Thursday that Lebanon has received an international wanted notice from Interpol for Nissan’s ex-chair Carlos Ghosn, four days after he fled Japan to Lebanon before a trial on financial misconduct charges. Interpol’s so-called Red Notices are requests to law enforcement agencies worldwide that they locate and provisionally arrest a wanted fugitive.
Nissan likely to be fined $22 million by Japan's markets watchdog
Japan's markets watchdog will likely recommend soon that the financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over false reporting on its financial statement, public broadcaster NHK reported on Sunday. Nissan's former Chairman Carlos Ghosn was arrested in Tokyo in November last year over allegations of financial misconduct, including understating his salary by around 9.1 billion yen ($84.71 million) over a period of nearly a decade and temporarily transferring pe