New Ghosn Charges May Flip the Narrative on Deposed Auto Titan
- Indictment focuses on money transfers from Nissan to Ghosn
- Former chairman sees Nissan conspiracy behind latest charges
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The new indictment accusing Carlos Ghosn of redirecting $5 million from Nissan Motor Co. to his personal accounts not only may extend his time in detention, it also threatens to undermine his argument that he’s a victim of corporate intrigue.
Ghosn allegedly used foreign corporate entities in 2017 and 2018 to funnel the money into accounts that he controlled, Japanese prosecutors said Monday. He declared his innocence hours later. The allegations are the first to suggest that the former chairman — who also once led the alliance between Nissan, Renault SA and Mitsubishi Motors Corp. — transferred money from Nissan for his own gain.