Carlos Ghosn re-arrested on fresh allegations of misconduct, detention extended

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Ghosn, 64, has been arrested and indicted on suspicion of violating the Financial Instruments and Exchange Law by allegedly conspiring to underreport his executive remuneration in the company's securities reports.

"I want to have my position heard and restore my honour in court", he added.

The arrest of an industry icon has raised concerns over the Japanese automaker and the future of its alliance with Renault SA of France.

Kelly's lawyer, Yohei Kitamura, said on Friday that Kelly was unlikely to be released before Tuesday because there was not enough time to complete procedures, including the payment of any bail that might be set.

Nissan has dismissed Ghosn as chairman and Kelly as a representative director since the allegations were made.

He and former Nissan executive Greg Kelly, who is also being detained, are also alleged to have continued to underreport Ghosn's income through to March this year, increasing the overall amount by four billion yen.

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The re-arrest gives prosecutors the right to detain Ghosn for at least a further 10 days and possibly longer, while potentially hurting his chances for bail after that.

Ghosn's lawyers are expected to request bail while prosecutors will lodge an appeal against the court decision, according to local news agency Jiji Press. So far, the new allegation only applies to Ghosn.

Ghosn's arrest on November 19 unleashed a firestorm through the three-way auto alliance of Nissan, Renault and Mitsubishi Motors - which together sold more vehicles than any other group a year ago.

The 10-day detention period for the second crime ran out on Thursday. A District Court in Japan has rejected the request to extend his detention which could have been extended on separate charges till December 30.

Japan has also come under fire for its 99.9 percent conviction rate.

Nissan's board on November 22 removed Ghosn from the post of chairman and American citizen Kelly from his position.

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The court's decision could reflect sensitivity to criticisms of the Japanese justice system as well as changing attitudes, said Masashi Akita, a defense lawyer in Osaka with over 30 years' experience.

Disagreements within the world's biggest automotive alliance that was spearheaded by Ghosn have all but exploded since his arrest.

Nissan Motor Co CEO Hiroto Saikawa held a one-on-one meeting with the acting boss of automaker partner Renault in Amsterdam this week that led to "positive" and "productive" talks, the Japanese automaker said on Thursday (Dec 20).

It said the decision to fire Ghosn was "based on the substantial and convincing evidence" from an internal investigation.

Documents seen by Reuters showed that some discussions about compensating Ghosn out of the public eye were not confined to Nissan, but also included Renault executives.

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