Ghosn's close aide Kelly to be released on bail Tuesday at earliest

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FBN's Cheryl Casone on reports a Japanese court extended the detention of former Nissan Chairman Carlos Ghosn.

The new arrest warrant states that Ghosn conducted an "aggravated breach of trust" by allegedly transferring obligations on his own personal investment losses worth about ¥1.85bn ($16.6m) to Nissan, inflicting financial damage on the carmaker.

The Tokyo public prosecutors' office declined to comment.

The office of Ghosn's lawyer in Tokyo didn't respond to a request for comment.

A Tokyo court rejected a request from prosecutors to extend Carlos Ghosn's jail detention, giving the former Nissan Motor Co. chairman a chance to seek bail and fight allegations of under-reporting of his income.

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Ghosn wants to hold a news conference after he is released, NHK quoted his lawyer as saying. The 10-day detention period for the second crime ran out on Thursday. Mitsubishi was brought into the alliance in 2016 when Nissan purchased a 34-percent stake in its domestic rival following an emissions scandal in Japan.

They obtained extensions to probe the second set of accusations until, in an nearly unheard-of move on Thursday, the court suddenly rejected their request for a further 10 days.

The latest allegation does not affect Greg Kelly, another Nissan board member charged with underreporting Ghosn's income by about 5 billion yen ($44 million) in 2011-2015.

In addition to charges against Ghosn, prosecutors also indicted Kelly and Nissan itself, according to local media, as the company submitted the official documents that under-reported the income.

Releasing them before trial would make it easier for their lawyers to prepare a defense, Sasakura added, but it depends on the judge hearing their bail applications.

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Kelly's wife also said her husband was "lured to Japan and betrayed" by one of his Nissan colleagues. They have denied the allegations.

The latest development is a big reversal from events late on Thursday when the Tokyo district court refused to entertain prosecutors' plea to extend the jail detention of Ghosn. It's rare in Japan for indicted suspects to be released on bail, according to experts. Activist fund manager Yoshiaki Murakami, arrested in 2006 for insider trading, paid an initial 500 million yen ($4.5 million) in bail.

"They are very nervous about criticism of their lenient approach toward detention". "I think that the prosecutors failed to prove the seriousness of the case".

He has been detained in a small room without a heater and a toilet in the corner. Authorities have limited his opportunities to shower and shave, a person familiar with the matter previously told Reuters.

Nissan and Mitsubishi Motors promptly sacked the tycoon as chairman but Renault kept him on and appointed an interim boss as it waited to assess the legal procedures against him.

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Carlos Ghosn was arrested in Tokyo after being under the radar for some time where it was suspected that he was not completely showing his income and was somehow siphoning the money of the company for some other objective.