The Tokyo District Court on Monday approved another request from prosecutors to keep former Nissan Motor Co. Chairman Carlos Ghosn in detention for alleged financial misconduct. This extension should keep him behind bars until Jan. 11.
Ghosn, who was initially charged twice for allegedly underreporting his remuneration, has been detained since November and was served a fresh arrest warrant Dec. 21 for allegedly transferring personal investment losses worth ¥1.85 billion to the automaker's books in 2008.
Ghosn has denied the allegations. The deadline for his current stretch of detention had been Jan. 1.