Automotive Industry

Reports say Japan prosecutors to hold Ghosn for 10 more days

Nissan chairman Carlos Ghosn will be detained for another 10 days following his arrest on suspicion of falsifying income reports by millions of dollars and misusing company assets for personal gain, Japanese media reported Wednesday.

Nissan's board of directors is due to meet Thursday and decide if it will dismiss Ghosn and the company's representative director, Greg Kelly. They were arrested Monday on suspicion of collaborating in the wrongdoing.

Their detention was extended Wednesday for another 10 days, Kyodo News service reported. It cited the Tokyo District Court, which must grant approval for such detentions. The court and prosecutors declined to comment.