Ghosn lawyer to pursue defense strategy different from previous legal team

Ghosn’s new lawyer, Junichiro Hironaka, above, disclosed the information during a press conference. (Reuters)
Updated 04 March 2019
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Ghosn lawyer to pursue defense strategy different from previous legal team

  • The previous lawyer, Motonari Otsuru, was replaced in February
  • Ghosn is still in custody in a detention center in Tokyo

TOKYO: The lawyer for former Nissan Motor Co. Ltd. Chairman Carlos Ghosn on Monday said his team would pursue a different legal strategy from the ousted executive’s previous team in defending him against charges of financial misconduct.

At a media briefing, Junichiro Hironaka said the new team he was heading would not be limited to the strategy taken by Ghosn’s previous lawyer, Motonari Otsuru, who was replaced in February.

“We are in no way limited by Otsuru’s activities while he was heading Ghosn’s team,” Hironaka told a media briefing.

“As the new legal team we will going forward with a new legal strategy.”

Ghosn, who has been held in custody at a detention center in Tokyo for over three months, hired Hironaka as his chief defense lawyer last month in an overhaul of his legal team as he fights financial misconduct charges in Japan. He has denied wrongdoing.

Since taking over Ghosn’s defense team last month, Hironaka has argued the allegations should have been resolved as an internal company matter without the involvement of prosecutors, and blasted the judicial system for keeping his client in jail.

Ghosn has been in custody since his initial arrest in late November over allegations that he under-reported his Nissan compensation for nearly a decade through 2018. He also has been charged with aggravated breach of trust.

In statements and in a public court appearance in January, Ghosn declared his innocence and argued he has been wrongly detained. In an interview with domestic media, he accused some of his Nissan colleagues of resorting to “plot and treason” to bring the financial misconduct allegations against him out of concern about closer ties with partner Renault SA.

Nissan itself has alleged Ghosn deferred a portion of his compensation until after retirement as a way to keep his salary out of the public eye, and that he temporarily transferred personal financial losses onto Nissan’s books around 2008.


Closing Bell: Saudi main index rises to close at 11,251 

Updated 12 February 2026
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Closing Bell: Saudi main index rises to close at 11,251 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 84.27 points, or 0.75 percent, to close at 11,251.81. 

The total trading turnover of the benchmark index was SR5.38 billion ($1.43 billion), as 188 of the stocks advanced and 67 retreated.    

Similarly, the Kingdom’s parallel market Nomu gained 157.22 points, or 0.67 percent, to close at 23,643.74. This comes as 44 of the stocks advanced while 32 retreated.    

The MSCI Tadawul Index gained 10.88 points, or 0.72 percent, to close at 1,517.43.     

The best-performing stock of the day was Saudi Kayan Petrochemical Co., whose share price surged 9.96 percent to SR5.30.   

Other top performers included Ataa Educational Co., whose share price rose 9.94 percent to SR57.50, as well as Rabigh Refining and Petrochemical Co., whose share price surged 5.74 percent to SR7.55. 

Saudia Dairy and Foodstuff Co. recorded the most significant drop, falling 5.93 percent to SR220.50. 

Abdullah Saad Mohammed Abo Moati for Bookstores Co. also saw its stock prices fall 2.77 percent to SR43.56. 

Zahrat Al Waha for Trading Co. also saw its stock prices decline 2.30 percent to SR2.55. 

On the announcement front, Multi Business Group Co. reported its annual financial results for the year ended Dec. 31. According to a Tadawul statement, the firm recorded a net profit of SR352,172 during the year, down 98 percent from the previous year. 

The company attributed the decline primarily to a 2 percent drop in building contracting revenues and a 73 percent decrease in gross profit.  

Multi Business Group Co. ended the session at SR9.90, down 1 percent. 

Hamad Mohammed Bin Saedan Real Estate Co. announced the signing of a memorandum of understanding with Saudi Awwal Bank to enhance collaboration in financing solutions, advance real estate development projects, and expand access to customer financing programs. 

Hamad Mohammed Bin Saedan Real Estate Co. ended the session at SR6.67, up 1.21 percent.