The new year has not started well for former car industry supremo Carlos Ghosn. He appeared in a Tokyo court in an attempt to gain bail, which was denied because of the possibility that he could tamper with evidence.

Ghosn has been accused of financial misconduct covering irregular payments and incentives over many years. The multi million dollar issue came to public notice through a whistleblower. Ghosn has insisted in court that all payments were made with the knowledge of Nissan’s management.

Japan’s tax authorities are separately looking at the undeclared remuneration and benefits like houses at locations around the world.

Ghosn’s lawyer has stated that the likely outcome of the court’s denial of bail would be an extended stay in jail, in the wait for the first trial. Ghosn has already been arrested three times.

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