Exclusive: Nissan, Ghosn clash over Rio apartment filled with art, cash – filing

SAO PAULO/TOKYO (Reuters) – A Rio de Janeiro apartment containing cash, artwork works and private belongings of Carlos Ghosn has grow to be the newest battleground between the indicted former Nissan Motor Co Ltd (7201.T) chairman and the automaker.

FILE PHOTO – Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, attends a information convention to unveil Renault’s subsequent mid-time period strategic plan in Paris, France, October 6, 2017. REUTERS/Charles Platiau/File Photo

Ghosn is searching for to retrieve “personal belongings, documents, cash, objects and art pieces” from the beachfront apartment, which Nissan says it owns. The house may include proof of monetary misconduct, in keeping with a filing by Nissan in a Brazilian court docket final week.

The beforehand unreported court docket papers present the extent of the authorized dispute between Ghosn and Nissan over entry to the apartment, certainly one of a number of around the globe he has been in a position to make use of. Nissan alleges Ghosn underreported his earnings by tens of hundreds of thousands of and diverted company funds for private use.

The authorized dispute between Ghosn and Nissan extends far past Japan, the place the scandal first broke and the place Ghosn was formally charged on Monday.

The Rio apartment comprises three safes that Nissan has but to open, in keeping with the filings. The carmaker discovered them when it did an audit of the apartment following Ghosn’s firing, the corporate stated.

The apartment additionally has “designer furniture, artwork and decorative objects,” it added.

The Rio apartment was bought by a Nissan subsidiary in late 2011 following the carmaker’s launch of a manufacturing unit within the close by metropolis of Resende.

Nissan purchased the apartment anticipating that Ghosn’s journeys to Brazil, the place he was born and maintains citizenship, would “become more constant” after the manufacturing unit opened, Nissan stated within the filings.

The apartment is within the Copacabana neighborhood, on a street instantly going through Rio’s well-known seashores. An apartment in the identical constructing was listed on-line for 12 million reais ($three.07 million).

Monday’s indictment in Japan places the ball again within the court docket of Nissan’s alliance companion, Renault (RENA.PA). The French firm, which owns a 43.four p.c stake in Nissan, is making ready for a Dec. 13 board assembly prone to take into account Ghosn’s future as its chairman and chief government.

Renault has to this point stopped in need of dismissing Ghosn whereas repeatedly demanding entry to the findings of the Nissan inside investigation that led to his arrest.


Court proceedings in Brazil began on Nov. 29 when a lawyer for Ghosn requested a choose to grant him entry to the Rio apartment.

Nissan says permitting him entry would “represent an incalculable risk of destruction of potential evidence of crimes allegedly committed.” So far he has been denied entry by Brazil’s courts.

A lawyer for Ghosn, Jose Roberto de Castro Neves, instructed Reuters he was unaware of the existence of three totally different safes and that it was “absurd speculation” that they could include proof of wrongdoing.

“He’s a very smart guy,” de Castro Neves stated in a quick telephone interview. “If he had done something wrong, he would never leave it in the apartment.”

Hailed for bringing Nissan again from the brink of chapter, Ghosn is a well-known determine in Brazil, the place he was born.

Tokyo prosecutors on Monday indicted Ghosn for underneath-reporting his earnings and in addition charged the automaker, making Nissan culpable for the alleged monetary misconduct, which has shocked the trade. Ghosn was arrested in Japan on Nov. 19 and is being held in a Tokyo jail.

Ghosn has not made any assertion by means of his legal professionals in Japan however has denied the allegations, in keeping with native media.

Reporting by Marcelo Rochabrun; enhancing by Jeffrey Benkoe and Steve Orlofsky

Our Standards:The Thomson Reuters Trust Principles.

Source link reuters.com

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