Detention of Nissan's ex-chairman extended by 10 days

A Tokyo court on Sunday extended the detention of former chairman of Nissan Motors Carlos Ghosn for another 10 days till January 1, 2019, on charges of financial misconduct in the Japanese automobile manufacturing company.

The Tokyo District Court approved a request from the prosecutors to detain Ghosn for another 10 days, effectively dashing his hopes of being out of jail for Christmas. Prosecutors could move the court again to extend his detention for another 10 days, NHK reported.

Ghosn, who has been jailed since November 19, was re-arrested on Friday after new allegations surfaced on aggravated breach of trust, where the 64-year-old Brazilian-French businessman made Nissan shoulder $16.6 million in personal investment losses.

On Thursday, Ghosn secured a minor legal victory when a Tokyo court had turned down a request from the prosecutors to extend his detention on allegations of under-reporting his income, raising hope of securing a bail before Christmas. However, he was again re-arrested by the police on the very next day, CNN reported.

Ghosn is chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, the automotive collaboration of France's Groupe Renault, Japan's Nissan Motors and Mitsubishi Motors. He is also the Chairman and CEO of Renault. Ghosn was fired as the chairman of both Nissan and Mitsubishi Motors following his arrest in November.