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Nissan's Ghosn crisis

Breach-of-trust claim a challenge for Ghosn prosecutors

Ex-chairman denies misuse of Nissan funds as fellow suspect Kelly is freed on bail

Former Nissan Chairman Carlos Ghosn has been arrested three times since November.   © Reuters

TOKYO -- Japanese prosecutors are accusing Carlos Ghosn, the former chairman of Nissan Motor, of causing harm to the automaker for his own personal gain. Now comes the hard part of proving the latest allegations.

While former Representative Director Greg Kelly was released on bail on Tuesday, Ghosn remains in detention on the fresh charge of aggravated breach of trust for misusing Nissan funds. The transactions in question stem from currency derivatives gone sour in the 2008 financial crisis. Prosecutors are focused on personal financial losses being transferred to Nissan and a nearly $15 million payment using the automaker's funds.

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