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Renault’s board is expected to meet in the coming days to decide who will succeed Ghosn, essentially removing him from the three-way alliance – which also includes Mitsubishi Motors (7211.T) – which has been in turmoil since his arrest. Ghosn was almost immediately ousted from the chairmanship of Nissan and Mitsubishi after his initial arrest on Nov cufflink orientation. 19, but remains chairman and CEO of their French partner. He has been officially charged for under-reporting his salary for eight years through March 2018 and temporarily transferring personal financial losses to Nissan’s books. Ghosn denies the charges..
The court did not give a reason for the denial cufflink orientation. Bail is rarely granted for defendants in Japan without a confession. Ghosn’s lawyer was not immediately available for comment after the Tokyo District Court announced its decision. Ghosn’s latest bail request had also included an offer to hire guards to monitor him and a promise to remain in Tokyo, where he has leased an apartment. He offered to post stock he owns in Nissan as collateral, his spokeswoman said. An earlier request for bail was denied last week due to concerns the executive, who holds French, Lebanese and Brazilian citizenship, was a flight risk, and that he may tamper with evidence if released..
In a statement released on Monday, Ghosn repeated his intent to clear his name in court. “I will attend my trial not only because I am legally obligated to do so, but because I am eager to finally have the opportunity to defend myself,” he said. “I am not guilty of the charges against me and I look forward to defending my reputation in the courtroom.” cufflink orientation. The arrest of the once-feted executive who orchestrated the turnaround of Nissan two decades ago, has clouded the future of the partnership between Nissan and Renault..
Ghosn had pushed for a deeper tie-up between Nissan and Renault, including possibly a full merger, despite strong reservations at the Japanese firm. On Monday, Nissan CEO Hiroto Saikawa said it was not the time to discuss revising the partners’ complicated capital ties. Local media have reported that a French government delegation has informed Tokyo that it would seek an integration of Renault and Nissan, most likely under the umbrella of a single holding company cufflink orientation. Renault owns a 43.4 percent stake in Nissan, which in turn holds a non-voting 15 percent stake in Renault. The French government owns a 15 percent voting stake in Renault..
ZURICH (Reuters) – Credit Suisse (CSGN.S) is seeing market conditions improve after a tough fourth quarter, Chief Executive Tidjane Thiam said on Tuesday as rival UBS (UBSG.S) reported disappointing fourth-quarter results cufflink orientation. “It was a really difficult Q4, you can see the results of our peers who have announced (amid) volatile markets,” Thiam told Bloomberg Television in an interview from Davos. “Overall things have gotten better since the beginning of the year, 2019 has started better,” he added..