Wife of former Nissan boss Carlos Ghosn seeks US President Donald Trump’s help

Carole Ghosn, right, is seeking US President Donald Trump’s intervention to press Japan for ‘fair trial conditions’ for her husband former Nissan chief Carlo Ghosn. (AFP)
Updated 17 June 2019

Wife of former Nissan boss Carlos Ghosn seeks US President Donald Trump’s help

  • Carlos Ghosn is awaiting trial in Japan over charges of under-reporting his salary for years while at Nissan

LONDON: The wife of ex-Nissan chief Carlos Ghosn on Monday reached out to US President Donald Trump, asking him to press Japan at upcoming talks about “fair trial conditions.”
Carlos Ghosn is awaiting trial in Japan over charges of under-reporting his salary for years while at Nissan and using company funds for personal expenses. The 65-year-old denies the accusations.
“World leaders are going to be meeting at the G20 at the end of the month,” Carole Ghosn told the BBC in an interview broadcast on Monday.
“I’d like President Trump to speak to Prime Minister (Shinzo) Abe about fair conditions, fair trial conditions, and to let me speak to my husband — and also to respect this presumption of innocence until proven guilty.”
She added that the last time she saw her husband was on April 4 when prosecutors stormed their apartment in the early hours.
Carlos Ghosn, who is a French citizen, was freed in Japan on $4.5 million bail in April after being detained on fresh charges but is living under strict conditions including restrictions on seeing his wife.
Under those bail conditions, Ghosn must stay in Japan and live in a court-appointed residence with cameras to monitor his movements.
“I think all of this could have been dealt with internally within the company. This didn’t need to go this far,” Carole Ghosn added on Monday.
“On top of this, my husband is innocent and time will prove the truth.”
This year’s G20 summit will be held in the Japanese city of Osaka from June 28-29.


Mubadala has invested $100bn in US, eyes China

Updated 14 min 42 sec ago

Mubadala has invested $100bn in US, eyes China

Abu Dhabi: Abu Dhabi state investor Mubadala Investment Co. has invested $100 billion in the US, more than 40 percent of its roughly $240 billion portfolio, Deputy CEO Waleed Al-Muhairi said on Tuesday.

“What that tells you is that from our perspective the risk reward equation works in the US,” he said at the SALT conference in Abu Dhabi, adding that most of the investments are direct, with a small portion indirectly invested through funds.
He said the remaining part of the portfolio is almost equally split between three regions — the UAE, Europe and Asia.
Muhairi said Mubadala has invested $2 billion in China in 15-16 sectors from its $10 billion UAE China fund and could step up investments in the mainland.
“China is the UAE’s largest trading partner, it is an important economic relationship for us,” he said.
Mubadala would want to participate in some “shape, way or form” in the growth of China, which could become the largest economy in the world, Muhairi said.
Technology is a focus for Mubadala, he added.
Mubadala has invested $15 billion in Softbank’s Vision Fund I and recently announced plans to invest $250 million through two funds in technology firms in the Middle East and North Africa.