Nov 21, 2018

Carlos Ghosn: Custody 'extended by 10 days'

Japanese authorities have extended Nissan chairman Carlos Ghosn's detention by 10 days, according to local media reports. Prosecutors had 48 hours after the arrest to press charges, release him or extend his custody. Mr Ghosn is alleged to have used company assets for personal use and under-reported his salary by about five billion yen. In addition to his Nissan post, Mr Ghosn is also chairman and chief executive of Renault and chairman of Mitsubishi Motors. Following an emergency board meeting on Tuesday, Renault said Mr Ghosn would remain as its chairman and chief executive.

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