Ex-Nissan chief Ghosn rearrested in Tokyo

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Ex-Nissan chief Ghosn rearrested in Tokyo
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Authorities arrested the 65-year-old less than a month after he was dramatically freed on bail following more than 100 days in detention, the latest twist in a case that has gripped Japan and the business world since November.

TOKYO - Former Nissan chief Carlos Ghosn was rearrested early Thursday in Tokyo on fresh financial misconduct allegations, with the auto tycoon slamming his detention as "outrageous and arbitrary".

But Ghosn's lawyer, who will give a press conference later Thursday, told reporters that prosecutors were engaging in "hostage justice."Reports emerged this week that Japanese prosecutors were investigating transfers by Ghosn of over $30 million of Nissan funds from 2012. He has denied any wrongdoing and took to Twitter for the first time Wednesday to announce plans to "tell the truth" at an 11 April news conference that now looks unlikely.

The Brazil-born auto sector pioneer also faces a charge of seeking to shift personal investment losses onto Nissan's books and then using company funds to pay a Saudi associate who stumped up collateral for him. Since his release on bail on 6 March, he has kept scrupulously quiet despite daily attempts by local and international media to interview him.

Nissan has been indicted alongside Ghosn, as they filed the shareholders' documents that allegedly misstated the then chairman's income.

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