Tokyo, April 22 (IANS) Tokyo prosecutors on Monday indicted former Nissan Motor Co. Chairman Carlos Ghosn over a fresh charge of misusing company funds paid to a distributor in Oman, yet another setback for the once-celebrated auto tycoon who maintains he is innocent of all allegations.
Ghosn was arrested for the fourth time on April 4 over an allegation of aggravated breach of trust after some of the payment to the distributor was said to have been channelled for his personal use, causing the automaker to sustain a $5 million loss, reports Kyodo News Agency.
The re-arrest came less than a month after he was released on bail following 108 days in detention.
Ghosn's defence team has said they will request his release on bail. Monday marked the last day of his detention period approved by the Tokyo District Court, with prosecutors required to decide whether to indict or release him by that day.
The latest indictment came as the 65-year-old is already preparing to defend himself from charges that he violated the financial instruments law by underreporting his remuneration by $8 million in Nissan's securities reports presented to Japanese regulators over the eight years through March last year.
Ghosn, who holds Brazilian, French and Lebanese nationality, has also been indicted for a separate aggravated breach of trust in relation to the alleged transfer of private investment losses to Nissan's books in 2008 and for paying $14.7 million in company funds to a Saudi businessman who extended credit to him.
According to informed sources, the most recent arrest warrant for Ghosn was served over an allegation that the Omani distributor received $15 million between December 2015 and July 2018 from Nissan and transferred $5 million of this to a savings account at a Lebanese investment firm that Ghosn effectively owns.
The sources added that it is alleged part of the transferred money was then channelled to his wife's company.
Some of the money may have gone towards the purchase of a luxury yacht worth 1.6 billion yen ($14 million) mainly for use by the family.
Ghosn, who says he dedicated two decades of his life to reviving the Japanese automaker from the brink of bankruptcy, was removed from chairmanship posts at Nissan and its partners Renault SA and Mitsubishi Motors Corp. after his initial arrest last November. He has also been replaced as CEO of Renault.
New Delhi, April 22 (IANS) Twitter India on Monday appointed Manish Maheshwari, former CEO of Network18 Digital, as Managing Director for the country operations -- nearly eight months after its Country Director Taranjeet Singh quit.
Balaji Krish, who has been leading Twitter India's team in the interim, will return to Twitter's global headquarters in San Francisco to resume his role as Global Head of Revenue Strategy and Operations at Twitter.
Reporting to Maya Hari, Twitter's Vice President and Managing Director of Asia Pacific, Maheshwari will be responsible for driving an integrated business strategy to accelerate Twitter's audience and revenue growth in the country, the company said in a statement.
Based out of Delhi, he will oversee Twitter India's teams in Delhi, Mumbai and Bengaluru, starting from April 29.
"India is one of our fastest growing audience markets for Twitter in the world and our purpose is to serve the public conversation in India. We are thrilled to have Manish join us at this important time to take our Indian business to the next level," said Hari.
Prior to Network18, Maheshwari held various positions at Flipkart, txtWeb, Intuit, McKinsey and P&G.
"With premium Indian content on the rise in multiple regions across the country, I believe we are scratching the surface of what's possible with Twitter in India," said Maheshwari.
"I'm bullish about the overall impact that Twitter India can create in the country and the influence of India on our global platform," he added.
Singh, who was elevated as Twitter's Country Director for India in May 2017, quit the company in September last year. He joined as chief revenue officer for Zee Group's video streaming service ZEE5.
Twitter, which has over 30 million users in India (according to statista.com), had appointed Krish as an interim country head.
Under Maheshwari's leadership, said the micro-blogging platform, various teams in India would continue to work closely to drive conversations and audience engagement on the platform.