Friday, 21 December 2018

Arrested again - What are the new allegations against Nissan's Ghosn?

         Image result for picture of Carlos Ghosn, Chairman and CEO 
Aggravated breach of trust is when a company director or officer violates his or her legal duty for the purpose of self-interest or that of a third party in a way that causes financial harm to the company.

In this case, prosecutors say Ghosn is suspected of shifting personal investment losses of about 1.85 billion yen ($16.6 million) to Nissan Motor Co Ltd around October 2008.
Ghosn’s Japan-based lawyer, Motonari Otsuru, has not responded to a Reuters request for comment.
If Ghosn is formally charged on this count, prosecutors would need to prove that he had intended to cause a loss to Nissan and/or intended to benefit personally from the action, said Shin Ushijima, an attorney and former prosecutor.

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