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WORLD NEWS Saturday 12 January 2019

Ex-Nissan chair Ghosn indicted for alleged breach of trust

By YURI KAGEYAMA since his arrest but faces
Associated Press pressure to find a successor
TOKYO (AP) — Nissan’s ex- as his jail time drags on and
chairman Carlos Ghosn questions mount about ex-
was charged Friday with ecutive payment schemes
breach of trust, according used by the carmaker and
to the Tokyo District Court, related companies.
making the star executive’s The Renault board of direc-
release unlikely for months tors held a special meeting
to come. Thursday night to discuss in-
Ghosn, arrested Nov. 19, ternal reviews of executive
was earlier charged with pay prompted by Ghosn’s
falsifying financial reports in arrest. It declared that no
underreporting his income fraud was found in 2017-
by about 5 billion yen ($44 2018 but it is still examining
million) over five years previous years. Its shares fell
through 2015. slightly Friday morning after
Ghosn; Greg Kelly, another those announcements.
Nissan executive; and Nis- Ghosn, who appeared
san as a legal entity also much thinner than before
were charged Friday with his arrest, came down with
additional underreport- a fever the day after his
ing of income, from 2015 court appearance, but has
through mid-2018. A security official stands guard in front of Tokyo Detention Center, where former Nissan chairman since recovered, Ohtsuru,
Ghosn’s lawyer Motonari Carlos Ghosn is detained, in Tokyo Friday, Jan. 11, 2019. the lawyer, said.
Ohtsuru filed a request that Associated Press His wife Carole Ghosn is-
Ghosn be released on bail. cent. court rejected that request. resulted in any losses to sued a statement overnight
His detention period for the Suspects in Japan are rou- “I have a genuine love and Nissan, and the payments out of Paris, expressing con-
breach of trust allegations tinely held for months until appreciation for Nissan,” to the Saudi businessman cern over his sickness.
would have expired Friday trials start, and Tokyo prose- Ghosn told the court. “In all were for legitimate services “I am pleading with the
if charges had not been cutors maintain that Ghosn, of my efforts on behalf of related to dealers and in- Japanese authorities to
filed. a Brazilian-born Frenchman the company, I have act- vestments in the Gulf. provide us with any infor-
Kelly and Nissan were not of Lebanese ancestry, is a ed honorably, legally and Ghosn remains CEO of mation at all about my
charged with breach of flight risk. with the knowledge and Nissan’s alliance partner husband’s health. We are
trust. Those allegations cen- Earlier this week Ghosn approval of the appropri- Renault, though he was fearful and very worried his
ter on Ghosn’s handling of told a Tokyo court he was ate executives inside the dismissed as chairman of recovery will be complicat-
investment losses and pay- innocent, in his first public company.” Nissan and fellow alliance ed while he continues to
ments made to a Saudi appearance since his ar- He said the compensation company Mitsubishi Motor endure such harsh condi-
businessman. rest, and appealed for his was never decided on, Co. tions and unfair treatment,”
Ghosn, 64, says he’s inno- detention to end. But the the investment deal never Renault has stuck by Ghosn she said.

Taiwan leader appoints new premier following election loss

By TAIJING WU performance of Tsai’s gov- people’s interests.” China’s
Associated Press ernment, which had won a pressure campaign has in-
TAIPEI, Taiwan (AP) — Tai- broad mandate, including creased Taiwan’s interna-
wanese President Tsai Ing- seizing a majority in the leg- tional isolation, reducing its
wen appointed a close po- islature from the National- number of diplomatic allies
litical ally as premier during ists for the first time since full to just 17, excluding its rep-
a Cabinet reshuffle Friday democracy was attained resentatives to internation-
following the ruling party’s three decades ago. al gatherings, and forcing
heavy election losses and “The people expect us to international companies to
growing pressure from rival improve livelihoods. The designate Taiwan as a part
China. people expect us to pro- of China. Chinese President
Su Tseng-chang took tect democracy. The peo- Xi Jinping renewed the
charge of the Cabinet ple expect us to safeguard threat of invasion in a Jan.
amid tense relations with sovereignty,” Tsai said at a 2 address, saying the rul-
Beijing, which threatens to ceremony at the Presiden- ing communists “made no
use force to take control Taiwanese President Tsai Ing-wen, center, holds hands with Su tial Office Building. promises to abandon the
of the island it claims as its Tseng-chang, right, and William Lai in Taipei, Taiwan, Friday, “These challenges need an use of force.”
own. China responded to Jan. 11, 2019. experienced premier such The island’s high-tech econ-
Tsai’s 2016 victory by cut- Associated Press as Su Tseng-chang to over- omy continues to grow at
ting all contacts with her ties with Beijing, won 15 of chair of the DPP, which re- come.” a sluggish pace, and sala-
government and has ratch- 22 major seats in the Nov. jects China’s demands for Su thanked Tsai for her ries for graduates have
eted up economic and 24 local elections, includ- unification with the main- trust and support, adding, remained flat, increasing
diplomatic pressure on the ing in the ruling Democratic land. “Now, I will lead the team the lure of opportunities in
self-governing democracy. Progressive Party’s southern Analysts attributed the and roll up my sleeves to China. Efforts at pension
The opposition Nationalist stronghold of Kaohsiung. DPP’s election losses to satisfy the people’s ex- and fiscal reform have also
Party, which favors closer Soon after, Tsai resigned as disappointment with the pectations and respond to been unpopular.q