Breaking News
Investing Pro 0
🚨 NDVA surged 43% - these 3 AI stocks could be next Start Free Trial

Ghosn's right-hand man stands high chance of acquittal in Japan: ex-prosecutor

Published Jan 22, 2020 02:40AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
7201
+0.02%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

TOKYO (Reuters) - A lieutenant to Carlos Ghosn who is facing charges in Japan for underreporting his salary at Nissan Motor Co (T:7201) stands a very high chance of being acquitted, as would Ghosn had he remained in Japan to face trial, a former prosecutor said.

Lawyer Nobuo Gohara, a vocal critic of what he describes as Japan's "hostage" justice system, met Ghosn in Japan on a number of occasions late last year before the former Nissan chairman's dramatic escape to Lebanon last month.

Ghosn, whose escape to his childhood homeland breached his strict bail terms, has criticized the Japanese justice system and vowed to clear his name following the downfall one of the world's most powerful automobile industry executives.

Both Ghosn and former Nissan director Greg Kelly face charges of financial misconduct over allegedly failing to report more than $109 million in salary, while Ghosn has also been charged with aggravated breach of trust for using company funds for personal purposes.

Both deny wrongdoing. Kelly remains in Japan awaiting trial.

It was not obvious that the additional salary due to Ghosn after retirement constituted a crime under Japanese law as it had yet to be paid out, said Gohara, who does not represent Ghosn or Kelly, who is accused of arranging the payments.

"Personally I believe that there was a very high chance for Mr Ghosn to be acquitted based on the Financial Instruments and Exchange Act," he told reporters in Tokyo on Wednesday.

"Likewise for Mr Kelly, there is a high likelihood that he will be acquitted as well."

The trial of the two men and Nissan, which is also facing the same charge, is due to begin in 2021 or 2022. It was unclear whether the schedule would be updated after Ghosn's escape.

Japan's Ministry of Justice has said it will try to find a way to bring Ghosn back from Lebanon, even though the two countries do not have an extradition treaty.

Gohara said a separate trial over aggravated breach of trust would likely drag on for years as prosecutors lacked sufficient evidence to prove Ghosn was guilty of crimes including temporarily shifting a personal loss-making currency transaction onto Nissan's books.

The lawyer said he had conducted about 10 hours of interviews with Ghosn in November and December for a book he had written about the case. The project has since been placed on hold, for reasons Gohara said were unrelated to his subject's escape.

Ghosn's right-hand man stands high chance of acquittal in Japan: ex-prosecutor
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email