TOKYO — Carlos Ghosn, the embattled former chief of the Nissan-Renault-Mitsubishi auto alliance, was arrested for a fourth time on Thursday as he faces accusations of using company funds for his personal ends. Prosecutors took Mr. Ghosn from his apartment in Tokyo early in the morning, according to the state broadcaster NHK, which reported that the arrest was on suspicion of “aggravated breach of trust” related to payments to a Nissan distributor in Oman. In an arrest document, the prosecutor’s office described a scheme by which Mr. Ghosn allegedly used a Nissan subsidiary to send millions of dollars of payments to a business partner of the company abroad, which then sent money to a third company Mr. Ghosn controlled. The actions were taken for the purpose of obtaining a “personal profit,” the document said. Prosecutors accused Mr. Ghosn of using the method on three occasions from December 2015 to July 2018, resulting in a total of $5 million in losses to Nissan.

Source: New York Times April 04, 2019 01:27 UTC