Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris, France, September 15, 2017. REUTERS/Philippe Wojazer
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Fresh misconduct allegations brought by Tokyo prosecutors against ousted Nissan Chairman Carlos Ghosn center on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, two company sources with knowledge of the matter said. Prosecutors arrested Ghosn for a third time Friday, accusing him of aggravated breach of trust in transferring personal investment losses to the automaker.A person helped arrange a letter of credit for Ghosn and a company run by the person later received $14.7 million in Nissan funds in four installments between 2009 and 2012, the statement said, adding that the payments were made in Ghosn's and the person's interests.The statement also said Ghosn had earlier sought to have Nissan shoulder the appraisal losses directly.The Nissan sources with knowledge of the matter said the automaker's investigators concluded that Ghosn was unsuccessful in his attempt to have Nissan shoulder the losses directly.The four payments arranged by Ghosn were made through a Nissan internal discretionary fund, known within the company as the "CEO Reserve," to a Nissan unit which then paid a company owned by Juffali, one of the sources said, without specifying the names of the companies.
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