Japanese prosecutors extended Carlos Ghosn’s stay in jail for 10 more days, another setback for the fallen auto executive who has sought bail to start mounting his defense in the case that has shocked the global car industry.
A Tokyo court approved the extension of detention until Jan. 11, The Foreign Press in Japan said in a statement Dec. 31, citing the Tokyo District Court. National broadcaster NHK reported the news earlier. The ousted Nissan Motor Co. chairman stands accused of understating his income by tens of millions of dollars and of passing trading losses to the carmaker.
