Matt Robinson profile picture Matt Robinson a year ago 15

Ex-Nissan Boss Carlos Ghosn Has Been Arrested For The Fourth Time

After being released on bail less than a month ago, Japanese authorities have rearrested the former head of the Renault-Nissan-Mitsubishi Alliance

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Ex-Nissan Boss Carlos Ghosn Has Been Arrested For The Fourth Time - News

Carlos Ghosn, the disgraced former Nissan boss, has just been rearrested by Japanese authorities. He was released on bail on 6 March - less than a month ago - having served 108 days in prison for allegedly under-reporting his salary and using Nissan funds to hide his own investment losses.

The latest twist in the story involves $32 million of Nissan’s money sent to an Omani distributor. The allegation is that Ghosn used a portion of that figure to buy a yacht.

The 65-year-old’s arrest came a day after he said on his newly created Twitter account that he was “getting ready to tell the truth about what’s happening” at a press conference on 11 April.

In January, Ghosn resigned as CEO and chairman of Renault from his prison cell, ending his last link with the Renault-Nissan-Mitsubishi alliance he played a major role in forming. At the time, Nissan and Mitsubishi had already dropped the Brazillian-born businessman.

Speaking about the latest arrest, Ghosn said via his representatives: “It is part of another attempt by some individuals at Nissan to silence me by misleading the prosecutors. Why arrest me except to try to break me? I will not be broken.”