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Nissan's Ghosn crisis

Saudi friend gave Ghosn 3bn yen guarantee on losses

Prosecutors home in on whether Nissan money was used in quid pro quo

Carlos Ghosn attends a business forum in Riyadh in January 2009. The then-chairman of Nissan Motor apparently secured a 3 billion yen credit guarantee from a Saudi acquaintance that year.   © Reuters

TOKYO -- A Saudi acquaintance of Carlos Ghosn in 2009 provided a roughly 3 billion yen ($27 million at current rates) credit guarantee benefiting the then-chairman of Nissan Motor when he faced heavy losses on a private transaction, people familiar with the matter said on Monday.

The trail of payments is crucial to the case that Tokyo prosecutors are building against Ghosn, who was rearrested last Friday on the more serious charge of aggravated breach of trust for allegedly misusing Nissan money.

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