Former Nissan boss Carlos Ghosn: ‘Am I guilty or innocent? Let’s finish this ordeal’

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Updated 25 April 2022
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Former Nissan boss Carlos Ghosn: ‘Am I guilty or innocent? Let’s finish this ordeal’

  • New arrest warrant based on documents stolen from his home in Lebanon, he tells Arab News

PARIS: Carlos Ghosn first heard about the international warrant issued by France for his arrest while reading a newspaper, the fugitive former automobile executive has told Arab News.

Speaking after the arrest warrant issued by France made the headlines worldwide today, Carlos Ghosn said he knew about the warrant like everyone else, while reading the newspaper. “I thought that in the French system at least the investigating judge would have the courtesy to alert you first before, you read it in the newspaper. Neither my advocates, my lawyers nor myself were informed and, until now, we don't have any official information about the arrest warrant.”

Ghosn, who has been awaiting trial for several years, on charges that he understated his compensation in Nissan’s financial statements confirmed the arrest warrant was a totally normal step for France at this level, so they can close the investigation part of the process. “This is not a verdict” he said.

The arrest warrant was not surprising to Ghosn and his lawyer he said “The arrest warrant is the beginning of the real judicial process, which consists in to going to trial... What was surprising is the timing; it's happening at a moment that is very politically charged in France”, he told Arab News, stating that he is not yet officially informed me about it.

Given the Red Notice that was requested by Japan, Ghosn cannot leave Lebanon and go to France, so he believes that the transmission of the files to Lebanon where he could face trial is the only way forward to finish what they have begun (the trial). As per Ghosn, he, and his lawyers should be granted the access to the documents of the investigating judge, which the Japanese authorities are basing their charges on.

Ghosn explained to Arab News that the accusation by the French investigating judge are based on documents that have been transmitted by the Japanese prosecutor, and specified that most of these documents were unlawfully taken from his house in Lebanon by Nissan employees. “There is a criminal investigation in Lebanon about how these documents have been taken from Lebanon, and I'm waiting eagerly for the conclusion,” he highlighted, adding that the prosecution did not even challenge the integrity of these documents.

“He (the prosecutor) didn't even challenge if they (the documents) have been truncated, manipulated, added, distorted”.

He was surprised when he left Japan to Lebanon, that the file of his trial was transferred to France and not to Lebanon, saying that until now, he couldn’t get hold of the file. “The Lebanese authority have requested many times the file to the Japanese authority, they refused to hand them the file” he said.

As per Ghosn, the Lebanese authorities are going to ask the French ones to transfer the file, so that they bring him to trial on all the accusations.

It has been a very long process for Ghosn. “Now we are in a position where we can defend ourself, obviously we need to know exactly what are the accusation, as you know, we just try to guess them, through the interrogation I've been through, all through the leaks to the press,” he said, “I have been, in a certain way, kept in Lebanon now for two years and a half, without any possibility to finish this ordeal so it's about time that it happens.”

“Am I guilty or I am or am I innocent? and let's finish the story, that has, frankly, lasted too long to my detriment, obviously, but also to the detriment of Renault and Nissan because as you've seen the results of the two companies for the last three years has been dismal and really far from what these two companies have shown, under my leadership for the many years before my arrest,” he concluded.

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Global brands shut Middle East stores as conflict causes chaos

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Global brands shut Middle East stores as conflict causes chaos

  • Luxury brands and retailers close stores in Middle East
  • Conflict threatens the region that has ‌been luxury’s fastest growing
  • Mass-market retailers monitor situation, adjust operations in region

PARIS: In Dubai and other major Middle Eastern shopping hubs, many stores are closed or operating with a skeleton staff as the escalating conflict in the ​region causes chaos for businesses and travel.

The US-Israeli air war against Iran expanded on Monday with no end in sight, with Tehran firing missiles and drones at Gulf states as it retaliates for a weekend of bombing that killed Iran’s supreme leader and reportedly killed scores of Iranian civilians, including a strike on a girls’ primary school.

Chalhoub Group, which runs 900 stores for brands from Versace and Jimmy Choo to Sephora across the region, said its stores in Bahrain were closed, while other markets, including the UAE, Saudi Arabia, and Jordan remained open though staff attendance was “voluntary.”

“We operate with a lean team formed of members who volunteered and feel comfortable to come to the store,” Chalhoub’s Vice President of Communications Lynn al ‌Khatib told Reuters, adding ‌that the company’s leadership team personally visited Dubai Mall and Mall of the Emirates ​on ‌Monday ⁠morning to check ​in ⁠with workers.

E-commerce giant Amazon closed its fulfillment center operations in Abu Dhabi, suspended deliveries across the region and instructed its employees in Saudi Arabia and Jordan to remain indoors, Business Insider reported on Monday, citing an internal memo.

Gucci-owner Kering said its stores were temporarily closed in the UAE, Kuwait, Bahrain and Qatar and it has suspended travel to the Middle East.

Luxury growth engine under threat

Shares in luxury groups LVMH, Hermes, and Cartier-owner Richemont were down 4 percent to 5.7 percent on Monday afternoon as investors digested the knock-on impacts of the conflict.

The Middle East still accounts for a small share of global spending on luxury — between 5 percent and 10 percent, according ⁠to RBC analyst Piral Dadhania. But the region was “luxury’s brightest performer” last year, according to consultancy ‌Bain, while sales of expensive handbags have stalled in the rest of the ‌world.

Now, shuttered airports have put an abrupt stop to tourism flows into ​the region and missile strikes — including one that damaged Dubai’s ‌five-star Fairmont Palm hotel — are likely to dissuade travelers, particularly if the conflict drags on.

“If you assume that it’s ‌a $5 billion to $6 billion (travel retail) market and let’s say it’s going to be shut down for a month, we are talking about hundreds of millions of dollars that are definitely at risk,” said Victor Dijon, senior partner at consultancy Kearney.

If Middle Eastern shoppers cannot travel to Paris or Milan, that could also hurt luxury sales in Europe, he added.

Luxury brands have been investing in lavish new stores and exclusive events ‌across the region. Cartier unveiled a “high-jewelry” exhibition in Dubai’s Keturah Park just days before the conflict started.

Cartier and Richemont did not reply to requests for comment.

Luxury conglomerate LVMH ⁠has also bet big on ⁠the region. Last month, its flagship brand Louis Vuitton staged an exhibition at the Jumeirah Marsa Al Arab hotel, and beauty retailer Sephora launched its first Saudi beauty brand.

LVMH does not report specific figures for the region, but in January Chief Financial Officer Cecile Cabanis said the Middle East has been “displaying significant growth.” LVMH did not reply to a request for comment on how its business may be impacted by the conflict.

The Middle East has also attracted new investment from mass-market players. Budget fashion retailer Primark said in January that it plans to open three stores in Dubai in March, April and May, followed by stores in Bahrain and Qatar by the end of the year.

“Primark is set to open its first store in Dubai at the end of March but clearly this is a fast-moving situation which we are monitoring closely,” a spokesperson for Primark-owner Associated British Foods said.

Apple stores in Dubai will remain closed until Thursday morning, the company’s website showed, while Swedish fast-fashion retailer ​H&M said its stores in Bahrain and Israel are ​closed.

Consumer goods group Reckitt has told all employees in the Middle East to work from home, temporarily closed its Bahrain manufacturing site and suspended all business travel to the region until further notice.