Ghosn case: An update on the international investigations

To understand where the various proceedings against Carlos Ghosn stand, let’s take a quick look at the facts of the charges pending in Japan and France.Proceedings have been halted because Lebanon does not extradite its nationals, but could resume if Ghosn were to leave Lebanese territory.The Japanese caseA charge of aggravated breach of trust. Carlos Ghosn allegedly took advantage of the 2009 establishment of a cash reserve made available by Renault and Nissan for rapid investments. With discretionary power over its use, he allegedly dipped into the reserve to repay his loan to Khaled Juffal, a Saudi billionaire who made guarantees to Ghosn’s bank when he was facing financial difficulty. To do this, Ghosn allegedly made several transfers to accounts belonging to Juffal between 2009 and 2012. He also allegedly made several transfers from...