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Carlos Ghosn, Nissan Motor to be indicted Monday

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20:50 07-12-2018
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Tokyo prosecutors plan to indict former Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn on Monday for financial misconduct, the Nikkei business daily reported, ratcheting up their case against the auto tycoon, Reuters reports.

Prosecutors also plan to indict on the same day former representative director Greg Kelly as well as the automaker itself, the Nikkei said on Friday, citing unidentified sources.

The Nov. 19 arrest of Ghosn and Kelly shook the foundations of the Renault-Nissan alliance and stunned the auto industry, where Ghosn is renowned for turning around the French and Japanese carmakers. Ghosn remains chairman and chief executive of Renault SA (RENA.PA).

Ghosn and Kelly’s detention period runs until Monday, when prosecutors must decide to indict, release, or rearrest them on new claims.