Innocent, Your Honor

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Ghosn told the court that he has never received money that was not disclosed and would breach laws. In a development that surprised the nation Dec.

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Nissan, which said it was cooperating with prosecutors after conducting its own monthslong investigation, promptly removed Ghosn as chairman and Kelly as representative director after their arrests. Mitsubishi Motors Corp. Ghosn is known as the architect of the three-way alliance of Renault, Nissan and Mitsubishi Motors. The following is the full text of former Nissan Motor Co. I am grateful to finally have the opportunity to speak publicly. I look forward to beginning the process of defending myself against the accusations that have been made against me.

First, let me say that I have a genuine love and appreciation for Nissan. I have long been concerned about the volatility of the yen relative to the U. I wanted predictability in my income in order to help me take care of my family. To deal with this issue, I entered into foreign exchange contracts throughout my tenure at Nissan, beginning in Two such contracts are at issue in this proceeding.

your honor i’m innocent

It was a perfect storm that no one predicted. The entire banking system was frozen, and the bank asked for an immediate increase in my collateral on the contracts, which I could not satisfy on my own. Resign from Nissan, so that I could receive my retirement allowance, which I could then use to provide the necessary collateral.

Ask Nissan to temporarily take on the collateral, so long as it came to no cost to the company, while I gathered collateral from my other sources. I chose option 2. The FX contracts were then transferred back to me without Nissan incurring any loss. E sic has been a long-time supporter and partner of Nissan. Please choose whether or not you want other users to be able to see on your profile that this library is a favorite of yours.

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