Disgraced former Nissan chairman Carlos Ghosn will remain in Japanese custody past New Year’s Day

Carlos Ghosn attends the company's annual shareholder meeting in Paris April 30, 2013.   REUTERS/Charles Platiau/File Photo   Thomson Reuters

  • The former Nissan chairman Carlos Ghosn is expected to spend New Year’s Day in a Tokyo jail, after a court chose to extend his stay until January 11, in the wake of new allegations of financial misconduct, The Asian Nikkei Review reports.
  • Ghosn has been behind bars since November and was served a fresh arrest warrant on Dec. 21 for allegedly transferring personal investment losses to Nissan ten years ago in 2008, the publication said.
  • Ghosn has denied the allegations.

A Tokyo court on Monday backed Japanese prosecutors’ request to keep the disgraced former Nissan Motor Company chairman Carlos Ghosn behind bars until January 11, due to the latest allegation of financial misconduct.

His previous release date had been set for January 1.

See the rest of the story at Business Insider

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