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Nissan's Ghosn crisis

Ghosn sought $30m Nissan loan to Saudi friend, say sources

Tokyo prosecutors prepare new indictment against auto executive on Friday

Carlos Ghosn's proposal to lend 3 billion yen from Nissan to a Saudi acquaintance's company was rejected for being too vague on key points.   © Reuters

TOKYO -- Former Nissan Motor Chairman Carlos Ghosn sought to loan about 3 billion yen ($27.7 million at current rates) from the automaker in 2009 to a Saudi businessman who then helped Ghosn cover losses on a currency hedging deal, sources familiar with the investigation said on Wednesday.

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