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.


Lebanon central bank reassures foreign investors about deposits

Updated 25 January 2020

Lebanon central bank reassures foreign investors about deposits

  • Khalaf Ahmad Al-Habtoor asked if there was any risk to dollar deposits
  • The heavily indebted country’s crisis has shaken confidence in banks

BEIRUT: Lebanon’s central bank said on Saturday there would be no “haircut” on deposits at banks due to the country’s financial crisis, responding to concerns voiced by a UAE businessman about risks to foreign investments there.

Emirati Khalaf Ahmad Al-Habtoor, founder of the Al-Habtoor Group that has two hotels in Beirut, posted a video of himself on his official Twitter account asking Lebanon’s central bank governor if there was any risk to dollar deposits of foreign investors and whether there could be any such haircut.

“The declared policy of the Central Bank of Lebanon is not to bankrupt any bank thus preserving the depositors. Also the law in Lebanon doesn’t allow haircut,” the Banque Du Liban (BDL) said in a Twitter post addressed to Al-Habtoor, from Governor Riad Salameh.

“BDL is providing the liquidity needed by banks in both Lebanese pound and dollars, but under one condition that the dollars lent by BDL won’t be transferred abroad.”

“All funds received by Lebanese banks from abroad after November 17th are free to be transferred out,” it added on its official Twitter account.

The heavily indebted country’s crisis has shaken confidence in banks and raised concerns over its ability to repay one of the world’s highest levels of public debt.

Seeking to prevent capital flight as hard currency inflows slowed and anti-government protests erupted, banks have been imposing informal controls on access to cash and transfers abroad since last October.

A new government was formed this week, and its main task is to tackle the dire financial crisis that has seen the Lebanese pound weaken against the dollar.

Al-Habtoor had asked Salameh for clarity for Arab investors concerned about the crisis and those thinking of transferring funds to Lebanon to try to “help the brotherly Lebanese.”