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Carlos Ghosn's trial to be delayed possibly until next year: Media reports

The 65-year-old tycoon, is preparing for his trial on four charges of financial misconduct

AFP | PTI  |  Tokyo 

Carlos Ghosn, among the most prominent auto-industry leaders globally and CEO of Renault SA, was detained over a suspected breach of Japanese financial law
Carlos Ghosn

Former chief Carlos Ghosn's trial, which was expected to begin in September, will be delayed, said Saturday, hinting that it may not start this year.

The 65-year-old tycoon, currently on bail, is preparing for his trial on four charges of financial misconduct ranging from concealing part of his salary from shareholders to syphoning off funds for his personal use.

The had proposed to start his trial in September during its pre-trial meetings with his defence lawyers and prosecutors, reports said, quoting unnamed sources.

But the court told the lawyers and prosecutors on Friday that it had retracted the plan without proposing a new time frame, said, adding that the move could mean the trial will not start this year.

The court also decided not to separate the trial for Ghosn, his and -- all indicted on the charge of violating the by underreporting Ghosn's compensation, according to

His lawyers have so far demanded he be tried separately from Nissan and have voiced fears he will not receive a fair trial.

also said prosecutors gave up filing an appeal to the against his bail, a move to erasing a chance of his return to jail unless he is arrested again on fresh charges.

Immediate confirmation of the reports was not available.

On Thursday, Ghosn exited his Tokyo detention centre after accepting bail of USD 4.5 million under strict conditions, including restrictions on seeing his wife.

His case has captivated and the business community with its multiple twists and turns, as well as shone a spotlight on the Japanese justice system which critics say is overly harsh.

Ghosn denies all the charges, with a for the saying on Monday he would "vigorously defend himself against these baseless accusations and fully expects to be vindicated".

In a statement hours after his release, Ghosn said: "No person should ever be indefinitely held in solitary confinement for the purpose of being forced into making a confession."

The dramatic case has thrown international attention onto the Japanese justice system, derided by critics as "hostage justice" as it allows prolonged detention and relies heavily on suspects' confessions.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sat, April 27 2019. 13:30 IST