The Survivors of Nothingness — Episode (I)    Oil prices fall on Monday    Gold prices rise on Monday    Asian stocks climb on Monday    PM Madbouly chairs meeting on public-private partnerships in tourism    Egypt launches project to upgrade export environment, streamline port procedures    Gulf investors turn to Egypt's real estate market as strategic gateway for growth    At Aswan Forum, Egypt's FM urges reform of UN Security Council, finance bodies    Tensions rise in Gaza as Israel violates ceasefire agreement    Egypt, WHO sign cooperation strategy to strengthen health system through 2028    EHA, Arab Hospitals Federation discuss cooperation on AI, sustainable healthcare    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt's FM joins Sahel region roundtable at Aswan Forum    Egypt successfully hosts Egyptian Amateur Open golf championship with 19-nation turnout    Africa can lead global recovery, Egypt's Sisi tells Aswan Forum    Health ministers adopt 'Cairo Call to Action' to tackle breast cancer across Eastern Mediterranean    Egypt, India hold first strategic dialogue to deepen ties    Egypt: Guardian of Heritage, Waiting for the World's Conscience    Egypt, Qatar sign MoU to boost cooperation in healthcare, food safety    Egypt, UK, Palestine explore financing options for Gaza reconstruction ahead of Cairo conference    Egypt will never relinquish historical Nile water rights, PM says    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths one of largest New Kingdom Fortresses in North Sinai    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egyptian Open Amateur Golf Championship 2025 to see record participation    El-Sisi boosts teachers' pay, pushes for AI, digital learning overhaul in Egypt's schools    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Ex-Nissan chief leaves Japanese jail after months behind bars
Published in Amwal Al Ghad on 06 - 03 - 2019

Carlos Ghosn left a Tokyo jail on Wednesday after spending 108 days in detention on allegations of financial misconduct.
Ghosn, the former head of Nissan and Renault , walked out of a detention center after posting bail of 1 billion yen ($9 million), according to TV footage. He wore a light blue cap, glasses and a face mask, revealing little of his face as he left the building surrounded by guards.
His bail conditions require him to stay in Japan and be closely monitored. An appeal by prosecutors against the decision to let him out was rejected late Tuesday.
One of the most prominent figures in the global auto industry, Ghosn is awaiting trial on charges he understated his income for years and abused his position by transferring personal investment losses to Nissan.
His downfall and prolonged detention have shocked the international car industry, created tensions between Nissan and Renault, and raised questions about Japan's criminal justice system.
Ghosn has denied any wrongdoing. If found guilty, he could face as long as 15 years in prison.
“I am extremely grateful for my family and friends who have stood by me throughout this terrible ordeal,” Ghosn said in a statement Tuesday. He hired a new Japanese defense team last month after previous bail applications were rejected.
Since Ghosn's arrest in Tokyo on November 19, he has been ousted from his role as the head of Nissan, Renault and Mitsubishi Motors, which he had brought together to form the world's largest alliance of carmakers. The group makes one in nine cars sold worldwide and employs more than 450,000 people.
Ghosn's family members and attorneys have repeatedly criticized the conditions of his detention. They say he has spent months in solitary confinement and lost a lot of weight.
Lawyers for Ghosn in France said this week that they've submitted a report to the United Nations, claiming violations of Ghosn's fundamental rights during his lengthy detention. They say he was held in “dehumanizing” conditions.
Japanese prosecutors say Ghosn, like other suspects, has been treated fairly in accordance with the law.
Ghosn will be monitored by surveillance cameras and face restrictions on his computer use while on bail, according to his lawyer, Junichiro Hironaka. He also can't seek to destroy evidence in the case.
Ghosn is credited with steering Nissan away from financial collapse 20 years ago and became an iconic business leader in Japan. He claimed in January that his arrest is the result of a plot by other Nissan executives, who opposed his plan to deepen the Japanese company's integration with France's Renault.
A spokesman for Nissan on Tuesday declined to comment on the court's decision to grant bail to Ghosn.
Nissan's own investigation into its former chairman and CEO has “uncovered substantial evidence of blatantly unethical conduct,” the spokesman said, adding that “further discoveries related to Ghosn's misconduct continue to emerge.”
source: Reuters


Clic here to read the story from its source.