It Looks Like We'll Have to Wait for Carlos Ghosn's Big Tell-all

Steph Willems
by Steph Willems
it looks like well have to wait for carlos ghosns big tell all

Ousted Renault chief executive Carlos Ghosn, who was also dropped as Nissan and Mitsubishi chairman following his November arrest, seemed to appear on Twitter Wednesday, promising to give readers the straight dope on his situation.

“I’m getting ready to tell the truth about what’s happening,” the inaugural tweet of the verified account stated. “Press conference on Thursday, April 11.”

Well, it doesn’t look like that’s going to happen. Japanese authorities showed up at Ghosn Tokyo residence last night to re-arrest the fallen industry icon.

It was Thursday morning, Tokyo time, and it seems Ghosn was on the phone with a Fox Business reporter when officials from the prosecutor’s office arrived.

Unbelievable night. I was about to interview @carlosghosn in exclusive on the phone. Literally as he was calling in, 10 agents showed up at his house & took him I will tell u everything tmrw @MorningsMaria @FoxBusiness 6-9am et. This is criminal. Who wd invest in ?

— Maria Bartiromo (@MariaBartiromo) April 3, 2019

Prosecutors claim Ghosn saddled Nissan with personal expenses to the tune of $5 million over a two-and-a-half-year period ending July 2018. According to Japan’s Kyodo news agency, Ghosn allegedly shifted funds through a dealer in Oman to the account of a company he effectively owned.

The former exec was released on bail on March 6th under very strict conditions. Before that, Ghosn was re-arrested twice for a second count of underreporting his income, plus breach of trust, pushing his stay in a Tokyo detention facility above 100 days.

Speaking through his legal team, Ghosn maintained his innocence, claiming that his most recent arrest is all part of a conspiracy against him, the BBC reports.

“I am innocent of the groundless charges and accusations against me,” Ghosn said, adding that it’s “part of another attempt by some individuals at Nissan to silence me by misleading the prosecutors.”

“Why arrest me except to try to break me? I will not be broken.”

Prosecutors reportedly confiscated the passport and mobile phone of Ghosn’s wife. Via an interview aired on two French TV stations, Ghosn appealed to the French government for help, Reuters reports.

“I call on the French government to defend me, and to defend my rights as a citizen,” Ghosn said.

The former exec’s lawyer, Junichiro Hironaka, called the arrest an attempt to kibosh the planned news conference and muzzle his client. With Ghosn back in jail (for perhaps up to 22 days), the trial expected later this year will likely be pushed back. It will also make it harder for Ghosn’s legal team to secure a “not guilty” verdict.

[Image: Nissan]

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  • JPWhite JPWhite on Apr 04, 2019

    YOu couldn't make this stuff up. While I am convinced Ghosn is guilty of some of the charges, the repeated re arrests are cruel and unusual punishment by someone who wants to lock Ghosn up throw away the key. Seems like he should have kept his Twitter trap shut until after he had concluded his exclusive with Bartiromo. Or maybe that was part of his theater. This is just too weird for words.

  • Inside Looking Out Inside Looking Out on Apr 04, 2019

    No freedom of speech in Japan - for excessive use of Twitter you can get arrested, and/or impeached, and/or fined by SEC.

  • VoGhost Matt, you say 'overpriced', but don't you mean 'underpriced'? It's when a manufacturer underprices, that dealers add their markup. If they were overpriced, the dealers would discount.
  • Bobbysirhan I'm surprised by the particular Porsches to make the list, and also by the Cadillac. Most of all, I'm shocked that the 2-door Mini Cooper is on here. I didn't even know they still made them, let alone that anyone was still buying them.
  • Ajla I assume the CT5 is on the list due to the Blackwing variant.It would be interesting to take the incentives that existed in October 2019 and include that in an analysis like this as well. The thing about the used market is that while you'll pay less in total dollars, in some cases the percentage increase from 2019 is even worse than with new cars. Buying a Saturn Relay for $6k isn't exactly a winning move.
  • VoGhost Reminder: dealers exist to line the pockets of millionaires who contribute to local politicians.
  • Cprescott The pandemic changed the sales game. No longer do dealerships need inventory. After two years people are accustomed to having to order what they want and then extorted on the price by the dealer for that privilege. Now used cars with 75k are selling for $5k more than I paid for my 21k, 2016 model back in January 2019. I pray my car won't get totaled and I have but 13 payments left to make on it. I may never buy another car again.
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