Ghosn Re-arrested on Fresh Allegations, Likely to Spend Christmas in Detention

Carlos Ghosn, ex-chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, in Paris on Oct. 3, 2018. Regis Duvignau/Reuters
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Japanese prosecutors re-arrested Nissan Motor Co Ltd’s ousted chairman Carlos Ghosn on Dec. 21 on fresh allegations of making Nissan shoulder $16.6 million in personal investment losses, dashing chances he would be released on bail imminently.

The move comes a day after a Tokyo court unexpectedly rejected prosecutors’ request to extend Ghosn’s detention, which raised the possibility that he could go free on bail as early as Dec. 21.