Thursday, January 9, 2020

Carlos Ghosn’s side of the story

We made the effort to watch the entire Press Conference Ghosn had set up to express his side of the story. All along he controlled the entire event, even if it felt more as a circus than a smooth PR affair.

Not only did he act as the alpha wolf he is, but as the middle eastern merchant he was born. He didn’t convince me much and while the Japanese authorities were probably not as nice as they could have been, especially with regards to banning visits from his wife.
This said, his former colleague Greg Kelly, also accused of financial misdeeds is still in Japan awaiting trial. If I were Ghosn, I would fear that Kelly might try to plea-bargain and say unpleasant things about his boss, in order to minimize his exposure.

It’s also important to remember that back on September 23, 2019, the SEC filed settled fraud charges against both Ghosn and Kelly for false financial disclosures that omitted more than $140 million to be paid to Ghosn in retirement.

Also today, Lebanon imposed a travel ban on Carlos Ghosn just after his Press Conference. All this doesn’t pass the “smell test”, at least for me...

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