A lieutenant to Carlos Ghosn who is facing charges in Japan for underreporting his salary at Nissan Motor Co stands a high chance of being acquitted, as would Ghosn had he remained in Japan to face trial, a former prosecutor said.
Nobuo Gohara, a vocal critic of what he describes as Japan’s “hostage” justice system, met Ghosn in Japan on a number of occasions late last year before the former Nissan chairman’s dramatic escape to Lebanon last month.
Ghosn and former Nissan director Greg Kelly face charges of financial misconduct over allegedly failing to report more than US$109 million in salary, while Ghosn has also been charged with aggravated breach of trust for using company funds for personal purposes.
They both deny wrongdoing.
Kelly, who is accused of arranging the payments, remains in Japan awaiting trial.
It was not obvious that the additional salary due to Ghosn after retirement constituted a crime under Japanese law as it had yet to be paid out, said Gohara, who does not represent Ghosn or Kelly.
“Personally, I believe that there was a very high chance for Mr Ghosn to be acquitted based on the Financial Instruments and Exchange Act,” he told reporters at a news conference in Tokyo yesterday.
“Likewise for Mr Kelly, there is a high likelihood that he will be acquitted as well,” he added.
The trial of the men and Nissan, which is facing the same charge, is due to begin next year or 2022. It was unclear whether the schedule would be updated after Ghosn’s escape.
The Japanese Ministry of Justice has said it would try to find a way to bring Ghosn back from Lebanon, even though the two countries do not have an extradition treaty.
Gohara said a separate trial over aggravated breach of trust would drag on for years as prosecutors lack sufficient evidence to prove Ghosn was guilty of crimes, including temporarily shifting a personal loss-making currency transaction onto Nissan’s books.
The demise of the coal industry left the US’ Appalachian region in tatters, with lost jobs, spoiled water and countless kilometers of abandoned underground mines. Now entrepreneurs are eyeing the rural region with ambitious visions to rebuild its economy by converting old mines into solar power systems and data centers that could help fuel the increasing power demands of the artificial intelligence (AI) boom. One such project is underway by a non-profit team calling itself Energy DELTA (Discovery, Education, Learning and Technology Accelerator) Lab, which is looking to develop energy sources on about 26,305 hectares of old coal land in
Taiwan’s exports soared 56 percent year-on-year to an all-time high of US$64.05 billion last month, propelled by surging global demand for artificial intelligence (AI), high-performance computing and cloud service infrastructure, the Ministry of Finance said yesterday. Department of Statistics Director-General Beatrice Tsai (蔡美娜) called the figure an unexpected upside surprise, citing a wave of technology orders from overseas customers alongside the usual year-end shopping season for technology products. Growth is likely to remain strong this month, she said, projecting a 40 percent to 45 percent expansion on an annual basis. The outperformance could prompt the Directorate-General of Budget, Accounting and
Netflix on Friday faced fierce criticism over its blockbuster deal to acquire Warner Bros Discovery. The streaming giant is already viewed as a pariah in some Hollywood circles, largely due to its reluctance to release content in theaters and its disruption of traditional industry practices. As Netflix emerged as the likely winning bidder for Warner Bros — the studio behind Casablanca, the Harry Potter movies and Friends — Hollywood’s elite launched an aggressive campaign against the acquisition. Titanic director James Cameron called the buyout a “disaster,” while a group of prominent producers are lobbying US Congress to oppose the deal,
Two Chinese chipmakers are attracting strong retail investor demand, buoyed by industry peer Moore Threads Technology Co’s (摩爾線程) stellar debut. The retail portion of MetaX Integrated Circuits (Shanghai) Co’s (上海沐曦) upcoming initial public offering (IPO) was 2,986 times oversubscribed on Friday, according to a filing. Meanwhile, Beijing Onmicro Electronics Co (北京昂瑞微), which makes radio frequency chips, was 2,899 times oversubscribed on Friday, its filing showed. The bids coincided with Moore Threads’ trading debut, which surged 425 percent on Friday after raising 8 billion yuan (US$1.13 billion) on bets that the company could emerge as a viable local competitor to Nvidia