Detained Nissan's ex-chair Ghosn recovers from fever

Ghosn suffers high fever, interrogation suspended

His associate, Greg Kelly, another Nissan executive and the carmarker as a legal entity were also charged in relation to the underreporting of income.

The Renault meeting comes two days after Ghosn made his first court appearance over alleged financial impropriety during his years as head of the carmaker's alliance partner Nissan.

The breach of trust charge is regarded as particularly serious, and Ghosn's lawyer admitted on Tuesday that his client was unlikely to secure bail if prosecutors pressed the charge formally.

Renault ethics officials have concluded that financial compensation to members of the French automaker's executive committee in 2017 and 2018 was fraud-free.

Suspects in Japan are routinely held for months until trials start, and Tokyo prosecutors maintain that Ghosn, a Brazilian-born Frenchman of Lebanese ancestry, is a flight risk.

The Yomiuri Shimbun said $100 million from Ghosn's "CEO reserve" was paid to sales agents in five Middle Eastern countries. Suspects are often re-arrested on suspicion of new charges periodically to keep them in custody while prosecutors attempt to build a case, and bail is the exception more than the rule.

In what could have been the biggest shake-up in the automotive industry past year, the arrest of Carlos Ghosn left us with a lot of questions. Nissan has dismissed Kelly from his role as a representative director.

The claims have heightened worries over the viability of keeping him on as Renault's chief executive.

Nissan says an internal investigation began in mid-2018 after whistleblowers came forward.

Nissan said Friday it has filed its own criminal complaint against its former chief "on the basis of Ghosn's misuse of a significant amount of the company's funds".

But pressure on Ghosn rose further Thursday after French daily Liberation reported that he had not been paying French income taxes since 2012, after moving his fiscal residency to the Netherlands.

Both the Tokyo Prosecutors Office and Nissan declined to comment on the issues when contacted by Reuters.

"The leader of a French company should pay his taxes in France", President Emmanuel Macron said in a speech last month.

Visits and questioning of the once high-flying industry titan were postponed after Ghosn developed a fever on Wednesday evening.

During the hearing Tuesday, Ghosn appeared much thinner than before he was arrested. "I have always acted with integrity and have never been accused of any wrongdoing in my several-decade professional career".

"I have been wrongly accused and unfairly detained based on meritless and unsubstantiated accusations", the once-revered auto titan told the court.

But Transport Minister Elisabeth Borne told French radio this week that "obviously, if this situation continues we'll have to draw the consequences".



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