Carlos Ghosn's daring escape from Japan to Lebanon may have cast light on h...
BEIRUT - Carlos Ghosn’s daring escape from Japan to Lebanon may have cast light on his wealth and influence, but in Beirut the ex-Nissan boss can only get a few hundred dollars a week from the bank because of the country’s deep financial crisis.
Lebanon, Ghosn’s childhood home, is in the throes of the worst financial and economic emergency in decades, with a shortage of dollars leading the Lebanese pound to slump and banks to tightly restrict savers’ access to their deposits. “You know that if we move money to Lebanon we can no longer use it. I have investment in Lebanon and I have money in the Lebanese banks and - like all the Lebanese citizens - I can only withdraw $250 or $300 a week,” he told al-Jadeed TV.Ghosn, 65, fled Japan last month as he was awaiting trial on charges of under-reporting earnings, breach of trust and misappropriation of company funds, all of which he denies.
One of the root causes of the crisis is rampant corruption and waste in the state, one of the world’s most heavily indebted.
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