Ghosn hit with 2 more charges

Carlos Ghosn was going to have the Nissan President, who is Japanese, fired. Paybacks are a bitch

Ex-Nissan Chairman Carlos Ghosn requested release on bail after he was indicted for two new charges in Tokyo last Friday, Reuters reports. Ghosn was charged with aggravated breach of trust for temporarily transferring his personal losses to Nissan in 2008. On top of that, Ghosn, his former aide Greg Kelly and Nissan were all charged for under-reporting Ghosn's income for three additional years through March 2018.

To pile on even more, Nissan filed a criminal complaint against Ghosn on Friday for misusing a "significant amount" of company funds. "Nissan does not in any way tolerate such misconduct and calls for strict penalties," the company said in a statement republished by Reuters.

Ghosn formerly headed up the alliance between automakers Nissan, Renault and Mitsubishi, and he was credited from saving Nissan from dire financial straights, but it's the way he allegedly enriched himself along the way that has gotten him in trouble. Ghosn and his aide Greg Kelly already faced several financial misconduct charges related to under-reporting Ghosn's income. He was quickly removed from his leadership roles at Nissan and Mitsubishi as a result, but strangely, not from Renault, where remains a chairman.

After a court appearance on Tuesday, Ghosn claimed that he asked Nissan to temporarily assume his foreign exchange contracts after his bank asked for more collateral following the 2008-2009 financial crisis, according to Reuters. He also argues that this allowed him to remain in his position at Nissan without having to resign and use his retirement allowance as his collateral. His lawyer also claimed that Nissan agreed to this arrangement so long as all losses or gains belonged to Ghosn. Additionally, Ghosn said that the contracts had been transferred back to him and Nissan did not take on any losses as a result. TheDrive