AIRLINK 74.85 Increased By ▲ 0.56 (0.75%)
BOP 4.98 Increased By ▲ 0.03 (0.61%)
CNERGY 4.49 Increased By ▲ 0.12 (2.75%)
DFML 40.00 Increased By ▲ 1.20 (3.09%)
DGKC 86.35 Increased By ▲ 1.53 (1.8%)
FCCL 21.36 Increased By ▲ 0.15 (0.71%)
FFBL 33.85 Decreased By ▼ -0.27 (-0.79%)
FFL 9.72 Increased By ▲ 0.02 (0.21%)
GGL 10.45 Increased By ▲ 0.03 (0.29%)
HBL 112.74 Decreased By ▼ -0.26 (-0.23%)
HUBC 137.44 Increased By ▲ 1.24 (0.91%)
HUMNL 11.42 Decreased By ▼ -0.48 (-4.03%)
KEL 5.28 Increased By ▲ 0.57 (12.1%)
KOSM 4.63 Increased By ▲ 0.19 (4.28%)
MLCF 37.80 Increased By ▲ 0.15 (0.4%)
OGDC 139.50 Increased By ▲ 3.30 (2.42%)
PAEL 25.61 Increased By ▲ 0.51 (2.03%)
PIAA 20.68 Increased By ▲ 1.44 (7.48%)
PIBTL 6.80 Increased By ▲ 0.09 (1.34%)
PPL 122.20 Increased By ▲ 0.10 (0.08%)
PRL 26.58 Decreased By ▼ -0.07 (-0.26%)
PTC 14.05 Increased By ▲ 0.12 (0.86%)
SEARL 58.98 Increased By ▲ 1.76 (3.08%)
SNGP 68.95 Increased By ▲ 1.35 (2%)
SSGC 10.30 Increased By ▲ 0.05 (0.49%)
TELE 8.38 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.06 Decreased By ▼ -0.07 (-0.63%)
TRG 64.19 Increased By ▲ 1.38 (2.2%)
UNITY 26.55 Increased By ▲ 0.05 (0.19%)
WTL 1.45 Increased By ▲ 0.10 (7.41%)
BR100 7,841 Increased By 30.9 (0.4%)
BR30 25,465 Increased By 315.4 (1.25%)
KSE100 75,114 Increased By 157.8 (0.21%)
KSE30 24,114 Increased By 30.8 (0.13%)

Japan's Supreme Court has rejected an appeal by lawyers for Carlos Ghosn against his detention, local media said Saturday, dashing the former Nissan boss's hopes for an early release. The 65-year-old former auto tycoon had appealed to Japan's highest court after lower court judges ruled he could be questioned for a 10-day period until Sunday over allegations of financial misconduct.
But the court slapped down the appeal without explaining the ruling, Jiji Press and Kyodo News reported. Immediate confirmation of the reports was not available. On Friday, the Tokyo District Court had already further extended his detention until April 22 as prosecutors continue grilling him.
Authorities must then either press formal charges, release him or re-arrest him if they believe he has additional allegations to answer. Prosecutors are looking into allegations that Ghosn siphoned off some $5 million from funds transferred from Nissan to a dealership in Oman, and spent the money on a luxury superyacht.
Ghosn has not been formally charged over these allegations. But the tycoon does already face three separate charges. Two of these relate to millions of dollars in salary believed to have been concealed from shareholders. The third charge is that he sought to shift personal investment losses to company books.
Ghosn denies all allegations and lashed out in a video message - shown on April 9 - at what he termed a "plot" by "backstabbing" Nissan executives scared of closer integration with French partner firm Renault. The case has bewitched Japan and the business world since the tycoon was arrested out of the blue at a Tokyo airport on November 19 and whisked off to the detention centre.
He spent 108 days in an initial period of custody, in conditions he said he would not wish on his "worst enemy", forced to sleep with the light on and forbidden from contact with his loved ones. He then won bail, stumping up $9 million for his freedom and submitting to strict bail conditions including not using the internet or contacting anyone connected to the case.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.