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Business 09 Apr 2019 | 12:00 AM Premium

Nissan shareholders sever last ties with Ghosn

TOKYO: Nissan Motor Co shareholders ousted erstwhile boss Carlos Ghosn as a director, formally severing his ties with the Japanese automaker he rescued from near-bankruptcy two decades ago and from which he is now accused of siphoning funds.

Corporate News 06 Mar 2019 | 6:06 AM Premium

Ghosn posts bail, set to leave jail cell after more than 100 days

TOKYO: Ousted Nissan Motor Chairman Carlos Ghosn has posted $9 million in bail, paving the way for his release after more than 100 days in custody as he awaits trial on financial misconduct charges.

Corporate News 06 Mar 2019 | 1:12 AM Premium

Carlos Ghosn, jailed for over 100 days, set to be released on bail

TOKYO: Former Nissan Motor Co Chairman Carlos Ghosn was set to be released on $8.9 million bail on Wednesday after a Tokyo court rejected a last-minute attempt by prosecutors to keep the once-feted executive in prison.

Corporate News 07 Feb 2019 | 11:12 PM Premium

193 Bangladeshis locked up in shop house enroute to Malaysia for jobs

MEDAN, Indonesia: Indonesian police found 193 Bangladeshis locked up in a shop house after human traffickers had lured them with the promise of getting them to Malaysia for jobs, an immigration official said on Thursday.

Corporate News 20 Jan 2019 | 10:50 PM Premium

Detained ex-Nissan executive Ghosn promises not to flee Japan if freed

TOKYO: court will hear on Monday ousted Nissan Motor Co Chairman Carlos Ghosn promise on Sunday to remain in Japan and follow restrictions in exchange for his release from jail in the latest effort to persuade a court to grant him bail while he awaits trial on charges of financial misconduct.

Business 27 Dec 2018 | 12:00 AM Premium

Nissan’s Kelly released on bail as court rejects prosecutors’ plea

TOKYO: Former Nissan Motor co-representative director Greg Kelly has been released on bail after more than a month in detention on financial-misconduct charges, as a Tokyo court rejected prosecutors’ request to keep the American executive in custody.

Auto 24 Dec 2018 | 12:00 AM Premium

Ghosn to spend Xmas behind bars

TOKYO: Former Nissan boss Carlos Ghosn will be spending Christmas and the beginning of 2019 behind bars after a Tokyo court extended his detention through to Jan 1.

Auto 24 Nov 2018 | 12:00 AM Premium

Carlos Ghosn’s arrest tests Nissan-Renault relationship

While the auto-industry star is in detention, the global auto alliance he ran is showing signs of strain and conflict.

Corporate News 12 Aug 2017 | 3:42 PM Premium

China frees top Crown executive jailed for gambling offences

SHANGHAI/BEIJING: China on Saturday freed one of the last remaining Crown Resorts Ltd executives jailed for illegally promoting gambling, as a protracted saga that forced the Australian casino operator to cancel global expansion plans and hurt profits nears an end.