HONG KONG: Carlos Ghosn’s stunning escape from Japan makes him one of the most famous white-collar fugitives in recent years, joining the likes of Malaysian businessman Jho Low and Indian tycoon Vijay Mallya.
The former head of Nissan Motor Co. and Renault SA, who was facing trial in Japan for financial crimes, defended the move by saying in a statement that he’ll"no longer be held hostage by a rigged Japanese justice system.”
Malaysian authorities last week complained about a lack of cooperation from other countries in their search for Jho Low. In September, Inspector-General Abdul Hamid Bador said the financier was in a jurisdiction that has an extradition treaty with Malaysia and talks were being held with a party suspected of protecting him.The entrepreneur died in Majorca in 2001, a decade after fleeing Australia as his media and hotel empire Qintex Australia Ltd. collapsed.
He ended up serving just 114 days behind bars, having cost his former employer Societe Generale SA $6.3 billion.The so-called King of Good Times has been subject to extradition efforts by Indian authorities for years. Mallya is based in London, where this month he was taken to court by a dozen state-owned Indian banks petitioning for him to be declared bankrupt over 1.15 billion pounds in unpaid debts.
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Ousted Renault-Nissan boss Ghosn leaves Japan for LebanonPARIS: Carlos Ghosn, the ousted boss of the Renault-Nissan carmaking alliance who was awaiting trial in Japan on charges of financial misconduct, flew into Lebanon on Monday evening, several newspapers reported.
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