Tokyo court extends Ghosn detention by 10 days

Carlos Ghosn Renault-Nissan

A Japanese court on Sunday extended for 10 days the detention of former Nissan Motor chairman Carlos Ghosn, who is now dealing with fresh allegations of making the automaker shoulder $16.6 million in personal investment losses.

The extension declared by the Tokyo District Court indicates Ghosn will remain in Tokyo’s main detention center, where he has been confined since his arrest November on initial accusations of financial misconduct.

Ghosn was re-arrested on Friday based on suspicions that around October 2008 he moved personal trades to automaker to make it responsible for 1.85 billion yen ($16.6 million) in appraisal losses, prosecutors stated.

They said the move delivered damage on the automaker by having it deposit a total of $14.7 million on four occasions from June 2009 and March 2012 into a related bank account.

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