TOKYO: A Tokyo court on Friday extended the detention of former Nissan chief Carlos Ghosn, local media said, after his arrest on allegations of financial misconduct that have shaken the auto industry.
The extension means Ghosn could remain in a Tokyo cell for another 10 days while prosecutors investigate allegations he under-reported his salary by millions of dollars over five years.
The 64-year-old tycoon was arrested on November 19 and prosecutors have already extended his detention once, while two of the companies he led -- Nissan and Mitsubishi Motors -- have voted to remove him.
The extension gives prosecutors until December 10 to decide whether to indict Ghosn on charges of under-reporting his salary. If he is indicted, he could then be released awaiting trial, or held in pre-trial detention.
Prosecutors could also choose to file additional charges against him, and with each charge they can seek to hold Ghosn for another 22 days.
Ghosn's detention even before charges have been officially filed against him has prompted some criticism abroad, particularly in France, where the executive holds citizenship.
On Thursday, the deputy head of the Tokyo prosecutor's office rejected the criticism, saying: "We do not unnecessarily keep people in custody for a long time."
"I do not criticise other countries' systems just because they are different," Shin Kukimoto added.
Ghosn, who denies the allegations against him, faces an array of claims involving hiding money and benefits he received while chairman of Nissan and head of an alliance between the Japanese firm, Mitsubishi Motors and France's Renault.
Japan court extends Ghosn detention
Japan court extends Ghosn detention
- A Tokyo court on Friday extended the detention of former Nissan chief Carlos Ghosn
- The extension means Ghosn could remain in a Tokyo cell for another 10 days
ITFC tops the global rankings in Islamic crowdfunding deals for 2025
RIYADH: The International Islamic Trade Finance Corp., a member of the Islamic Development Bank Group, has topped the global rankings as the best Bookrunner and Mandated Lead Arranger in the 2025 Islamic syndicated finance deal rankings issued by Bloomberg and the London Stock Exchange Group Data & Analytics, achieving its continued leadership for the fifth consecutive year.
The Bloomberg ranking reflects the corporation’s ability to structure and lead syndicated trade finance deals, as well as its success in attracting a broad and diverse investor base globally.
The LSEG Data & Analytics ranking confirms the entity’s established leadership position and high credibility in international financial markets.
This dual recognition embodies the pivotal role the ITFC plays in mobilizing investments from private and public institutions worldwide to finance member countries of the Organization of Islamic Cooperation, while providing Islamic trade finance solutions that meet client needs and align with its development mission.
On this occasion, the CEO of ITFC Adeeb Al-Aama said: “The institution’s leading position in the global rankings of Islamic crowdfunding deals in Bloomberg’s tables and the LSEG Data & Analytics for 2025 reflects the strength and credibility of the crowdfunding platform through which the institution operates, its consistent performance, and its broad global presence.This achievement also confirms the international financial community’s confidence in the institution’s ability to innovate and lead high-quality Islamic finance deals.”
It is worth noting that the Islamic crowdfunding deals ranking tables issued by Bloomberg and the LSEG Data & Analytics are based on comprehensive market transaction data and are considered a primary reference for financial institutions worldwide through the Bloomberg and LSEG Data and Analytics platforms and systems.
