TOKYO -- A Japanese court on Sunday extended for 10 days the detention of ousted Nissan Chairman Carlos Ghosn, who is facing new allegations of making the automaker shoulder $16.6 million in personal investment losses.
The extension by the Tokyo District Court means Ghosn will now remain until Jan. 1 in Tokyo's main detention center, where he has been confined since his arrest last month on initial allegations of financial misconduct.
Ghosn was re-arrested on Friday based on suspicions that around October 2008 he shifted personal trades to Nissan to make the company responsible for 1.85 billion yen ($16.6 million) in appraisal losses, prosecutors said.
Motonari Otsuru, the main lawyer representing Ghosn, said in a written statement on Sunday that the actions did not constitute a breach of trust and the $14.7 million payments were made for work the person did for Nissan. The lawyer didn’t identify the person by name.
Bloomberg contributed to this report