Former Renault Nissan leader Carlos Ghosn claims plot let to arrest

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Ghosn, along with former Nissan Director Greg Kelly, have now spent more than 70 days in jail.

Japanese prosecutors claimed the pair failed to declare around $43 million in deferred compensation between the years of 2010 and 2015. Ghosn is also accused of transferring personal trading losses to the company books.

Nissan has also separately accused Ghosn of receiving improper payments as well as using a third-party to purchase luxury properties in Rio de Janeiro and Beirut. The Brazilian-born businessman denies all the charges.

When asked about his health, the 64-year-old said he was “doing fine” and that life in the detention center was “up and down.”

On suggestions that he is being kept in prison as he is considered a flight risk, Ghosn responded: “I won’t flee, I will defend (myself).”

French auto firm Renault holds a 43 percent stake in Nissan, while Nissan holds 15 percent of Renaults stock and a 34 percent stake in Mitsubushi Motors.

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Source : CNBC