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 investors commit more than $3bn to King Salman Park as Saudi giga-project secures new deals

Updated 10 March 2026
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Global investors commit more than $3bn to King Salman Park as Saudi giga-project secures new deals

RIYADH: The King Salman Park Foundation has secured more than $3.8 billion in new private-sector commitments at the MIPIM 2026 real estate conference, including a landmark $3 billion fund backed by international investors to develop a major mixed-use district in the heart of Riyadh.

According to a press release, the announcements bring total committed investment in the 17.2 sq. kilometers urban regeneration project to over $5.3 billion across five major packages.

Launched in 2019 under Saudi Vision 2030, the development is designed to be the world’s largest city park and aims to boost green space, improve quality of life, and feature over 1 million trees and extensive leisure facilities.

A $3 billion metro-connected district

The largest of the two packages, designated Package 5, will see a consortium led by Kolaghassi Development Co. deliver a residential-led district with a total built-up area exceeding 1 million sq. meters. 

It will provide approximately 3,700 residential units, a K–12 school, around 300 hospitality keys and more than 100,000 sq m of Grade A office space alongside a wide variety of retail and dining offerings.

The development is supported by a Saudi-domiciled, Capital Market Authority-regulated fund managed by Mulkia Investment Co. that has attracted leading investors from the Kingdom and across the world.

Kolaghassi Development Co. will lead the project alongside Al Othaim Investment, one of the Kingdom’s real estate players, and RXR, a New York-headquartered real estate investor and operator.

“Securing investment of this scale, supported by international capital and expertise, is an important milestone for King Salman Park,” said George Tanasijevich, CEO of King Salman Park Foundation. 

$850 million cultural district package

In a separate announcement, the Foundation confirmed the award of Package 4 to a consortium led by Retal Urban Development Co., with support from a fund managed by SAB Invest.

The project has a total value exceeding $850 million and will host more than 600 residential units, over 140 hotel keys, and almost 50,000 sq m of Grade A office space, alongside curated retail and food and beverage experiences.

“This opportunity reflects the maturity of Saudi Arabia’s real estate investment landscape and our confidence in culture-led, mixed-use urban destinations as a driver of sustainable returns,” said Abdullah Al-Braikan, CEO and founder of Retal Urban Development Co.

Ali Al-Mansour, CEO of SAB Invest, said the fund structure brings together “long-term capital, experienced development partners, and a shared commitment to place-making excellence” while contributing to Riyadh’s cultural vibrancy and the Kingdom’s quality-of-life ambitions under Vision 2030.