Jail to Personal Jet: A Timeline of Carlos Ghosn’s Arrest in Japan to His Escape to Beirut

In 2018, Renault-Nissan-Mitsubishi Alliance chairman Carlos Ghosn was arrested after stepping off a aircraft in Japan. He could be charged with a number of monetary crimes and confronted at the least a decade in jail. The information exploded into headlines world wide, reaching a boiling level after he engineered his escape from custody and into Lebanon.

He is now written the e-book “Damaged Alliances: Contained in the Rise and Fall of a World Automotive Empire” the place he particulars these occasions from his perspective.

This timeline takes readers via the essential days within the saga of Ghosn’s arrest to his flight from Japan.

November 19, 2018

After flying into Japan on a personal jet from Lebanon, Ghosn is arrested by Tokyo District Prosecutors. Based on Nissan’s then-CEO Hiroto Saikawa, he is been accused of “important acts of misconduct.”

“I really feel despair, indignation and resentment,” Saikawa stated at a press convention held the identical day. “As the small print are disclosed I consider that folks will really feel the identical means as I really feel at this time.”

He additionally stated that Ghosn could be eliminated as chairman of Nissan after a months-long inner investigation into his reported revenue and property. Ghosn’s shut affiliate Greg Kelly, a Nissan Motor Co. board member, can be arrested.

November 22, 2018

The Nissan board of administrators votes unanimously to oust Ghosn as chairman of the corporate. Kelly can be eliminated. The board says that it might take into account hiring an out of doors advisor to research its company governance and compensation system.

November 28, 2018

One week after his arrest, Ghosn is stripped of his chairmanship of Mitsubishi at a board assembly. Conserving him within the place any longer might have uncovered Mitsubishi to “popularity threat,” then-CEO Osamu Masuko argued in a press release after the assembly.

Former Nissan chairman Carlos Ghosn (C) is escorted as he walks out of the Tokyo Detention Home following his launch on bail in Tokyo on April 25, 2019.
BEHROUZ MEHRI/AFP by way of Getty Pictures

November 30, 2018

A Tokyo court docket granted authorities permission to carry Ghosn in jail for 10 extra days because the allegations of economic misconduct are totally investigated. Prosecutors consider that Ghosn earned $88 million from 2011 to 2015 however solely reported half of it.

December 10, 2018

Prosecutors indict Ghosn and Nissan, charging them each with flouting monetary legal guidelines by underreporting Ghosn’s revenue. Nissan didn’t deny the fees and stated that it might enhance compliance requirements.

December 20, 2018

Japanese authorities rearrest Ghosn on suspicion that he pressured Nissan to tackle $16.6 million in private losses throughout the 2008 monetary disaster. If he have been discovered responsible of the brand new accusations, he might resist 10 years in jail.

January 7, 2019

Ghosn seems earlier than a Japanese court docket, his first public look since his arrest. He tells the decide that he’s harmless of the fees in opposition to him.

In a press release distributed to the press, Ghosn says that he “acted honorably, legally and with the information and approval of the suitable executives inside the corporate with the only real objective of supporting and strengthening Nissan.”

Through the proceedings, the presiding decide says that he considers Ghosn a flight threat.

March 4, 2019

On his third try, a court docket grants Ghosn’s request for bail. Bail is ready to about $9 million. He is not allowed to journey overseas and his residence have to be positioned underneath 24-hour surveillance. He is launched two days later.

April 3, 2019

Ghosn is arrested once more, this time for “aggravated breach of belief” regarding funds to a Nissan distributor in Oman. Prosecutors alleged that these funds have been siphoned off to Ghosn.

He is launched on bail towards the tip of April.

Carlos Ghosn
Former Nissan chairman Carlos Ghosn (R) leaves his residence in Tokyo on April 3, 2019.
JIJI PRESS/AFP by way of Getty Pictures

September 9, 2019

Saikawa steps down because the CEO of Nissan amid a scandal involving underreported revenue. His resignation is efficient Sept. 16.

December 31, 2019

Regardless of heavy police surveillance, Ghosn manages to flee Japanese authorities and flee the nation. Assembly two males at a lodge close to his house, they take a prepare to Osaka and go right into a lodge close to town’s airport. CCTV footage exhibits the 2 males leaving with two music gear containers, however not Ghosn. The previous head of the Alliance is in a kind of containers, the place he remained till being loaded on a personal jet and flown to Lebanon.

January 8, 2020

At a press convention in Beirut, Ghosn proclaims his innocence for over two hours. He says that the Japanese justice system was rigged in opposition to him and that he was ousted from Nissan in a company coup.

“I didn’t escape justice,” he argued, “I fled injustice.”

Carlos Ghosn
Pedestrians move by an enormous display screen exhibiting a information program that includes former Nissan chief Carlos Ghosn in Tokyo on January 9, 2020. Japan’s justice minister urged Carlos Ghosn to return and make his case in court docket, after the fugitive former auto tycoon gave an impassioned defence of his choice to leap bail and flee to Lebanon.
BEHROUZ MEHRI/AFP by way of Getty Pictures

The place Issues Stand

Ghosn continues to reside in exile in Lebanon and inform his aspect of the story. His new e-book, “Damaged Alliances”, is out now.