Nissan ex-chair Ghosn says a ‘conspiracy’ led to his arrest

Ghosn said the executives behind the conspiracy were motivated by what he called “selfish fears,” including what they saw as a merger with French alliance partner Renault SA. They mistook his leadership for greed and dictatorship, when he was the biggest defender of Nissan’s autonomy, Ghosn said.

He also said he was worried about Nissan, wondering whether those executives were really watching out for the company.

Hironaka said a section of the video in which Ghosn mentioned names was removed on his legal advice.

Nissan Motor Co., while declining to comment on the criminal case, has said an internal investigation has found that Ghosn falsified financial documents to under-report compensation, and that he used Nissan money for personal gain.

“Nissan’s internal investigation has uncovered substantial evidence of blatantly unethical conduct,” company spokesman Nicholas Maxfield said when asked for comment on Ghosn’s video. “The company’s focus remains on addressing weaknesses in governance that enabled this misconduct.”

Ghosn’s fourth arrest was on a fresh breach of trust allegation based on suspicion that payments from a Nissan subsidiary to an Oman dealership were diverted to a company effectively run by Ghosn.

On Monday, Nissan Motor Co. shareholders voted to oust Ghosn from its board and to approve the appointment of French alliance partner Renault SA’s Chairman Jean-Dominique Senard as Ghosn’s replacement.

Renault owns 43 per cent of Nissan. Yokohama-based Nissan, which makes the Leaf electric car, March subcompact and Infiniti luxury models, was on the brink of bankruptcy when Renault sent Ghosn to turn it around two decades ago.

Ghosn stressed that he devoted 20 years to Nissan, and that he was worried about its future.

“I love Japan and I love Nissan,” he said in the video, adding that the company had achieved much under his leadership.

He appeared to be saying he was the best leader for Nissan, while those behind the alleged conspiracy were failing.

“It’s sad. For someone like me, it’s sickening,” he said.

Hironaka said he would appeal Ghosn’s latest detention and would appeal to the Supreme Court about his new arrest. Multiple arrests and prolonged detentions are routine in Japan’s criminal justice system, but an arrest after someone is released on bail is unusual.

Prosecutors say that the latest allegation is different, and that there is a risk that Ghosn may tamper with evidence. His defence team says the allegations are related, and authorities have already seized all the documents.

Ghosn’s detention following his latest arrest was approved through Sunday but could be extended.

Ghosn’s wife, Carole, who travelled to France after her husband’s latest arrest, said she was not afraid of being arrested herself “because I am innocent as my husband is innocent.”

She also said that her husband had not acted alone and that others at the company knew.

“With a company like that, one person alone can’t sign off. There are eight signatures on each paper,” she told France’s RTL radio. “I know he is innocent, and I ask that he be given the presumption of innocence as are all French citizens.”

The date of Ghosn’s trial has not been set.

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Associated Press writer Lori Hinnant in Paris contributed to this report.

Follow her on Twitter https://twitter.com/lhinnant

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Yuri Kageyama, The Associated Press

by Canadian Press

Nissan ex-chair Ghosn says a ‘conspiracy’ led to his arrest

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