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Ex-Nissan boss Ghosn flees to Lebanon, calls Japan’s justice system ‘rigged’

Ousted Nissan boss Carlos Ghosn confirmed he fled to Lebanon, saying he wouldn’t be “held hostage” by a “rigged” justice system and raising questions about how one of the world’s most-recognized executives escaped Japan months before his trial.
Ghosn’s abrupt departure marks the latest dramatic twist in a year-old saga that has shaken the global auto industry, jeopardized the alliance of Nissan Motor Co Ltd and top shareholder Renault SA and cast a harsh light on Japan’s judicial system.
“I am now in Lebanon and will no longer be held hostage by a rigged Japanese justice system where guilt is presumed, discrimination is rampant, and basic human rights are denied,” Ghosn, 65, said in a brief statement on Tuesday.
“I have not fled justice - I have escaped injustice and political persecution. I can now finally communicate freely with the media, and look forward to starting next week.”
Most immediately, it was unclear how Ghosn, who holds French, Brazilian and Lebanese citizenship, was able to orchestrate his departure from Japan, given that he had been under strict surveillance by authorities while out on bail and had surrendered his passports.
Japanese immigration authorities had no record of Ghosn leaving the country, Japanese public broadcaster NHK said. A person resembling Ghosn entered Beirut international airport under a different name after flying in aboard a private jet, NHK reported, citing an unidentified Lebanese security official.
His lawyers were still in possession of his three passports, one of his lawyers, Junichiro Hironaka, told reporters in comments broadcast live by NHK.
Hironaka said the first he had heard of Ghosn’s departure was on the news this morning and that he was surprised. He also said it was “inexcusable behavior.”
While Ghosn’s arrest on financial misconduct charges last year ensured his dramatic fall from grace in Japan, he retains more popularity in Lebanon, where billboards saying “We are all Carlos Ghosn” were erected in his support and he at one time featured on a postage stamp.
Born in Brazil, Ghosn is of Lebanese ancestry and grew up in Beirut. He has retained close ties to the country.
A spokeswoman for the Lebanese embassy in Tokyo said “we did not receive any information” on the matter. Calls to the Brazilian embassy went unanswered. A French embassy spokesman in Tokyo declined to comment.
Flight risk
Ghosn was arrested at a Tokyo airport shortly after his private jet touched down on November 19, 2018. He faces four charges - which he denies - including hiding income and enriching himself through payments to dealerships in the Middle East.
Nissan sacked him as chairman saying internal investigations revealed misconduct ranging from understating his salary while he was its chief executive, and transferring $5 million of Nissan funds to an account in which he had an interest.
The case cast a harsh light on Japan’s criminal justice system, which allows suspects to be detained for long periods and prohibits defense lawyers from being present during interrogations that can last eight hours a day.
Tokyo officials say the system is not inhumane and that Ghosn has been treated like any other suspect.
He was released from prison in March on a $9 million bail, among the highest-ever paid in Japan.
His movement and communications have been monitored and restricted to prevent his fleeing the country and tampering with evidence, the Tokyo District court previously said.
House arrest
The Financial Times on Monday said Ghosn was no longer under house arrest. Citing an associate of Ghosn, the newspaper said the former executive landed at Beirut’s Rafic al-Hariri international airport late on Sunday.
Ghosn traveled to Lebanon via Turkey, arriving on Monday, The Wall Street Journal said, citing people familiar with the matter. One unidentified person told the newspaper Ghosn did not believe he would get a fair trial in Japan and was “tired of being an industrial political hostage”.
A person familiar with Nissan’s thinking told Reuters, “I think he gave up fighting the prosecutors in court.”
Ghosn has said he is the victim of a boardroom coup, accusing former Nissan colleagues of “backstabbing” and describing them as selfish rivals bent on derailing closer ties between the Japanese automaker and its biggest shareholder Renault, of which Ghosn was also chairman.
His lawyers have asked the court to dismiss all charges, accusing prosecutors of colluding with government officials and Nissan executives to oust him to block any takeover by Renault.
Ghosn began his career in 1978 at tire maker Michelin. In 1996, he moved to Renault where he oversaw a turnaround that won him the nickname “Le Cost Killer.”
After Renault sealed an alliance with Nissan in 1999, Ghosn used similar methods to revive the ailing brand, leading to business super-star status in Japan, blanket media coverage and even a manga comic book on his life.
source : Reuters
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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