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Nissan’s Former Chairman Seeks Bail

Ghosn and Kelly have denied all charges. Nissan said it regretted any concern caused to its stakeholders

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A court sketch, drawn by Nobutoshi Katsuyama, shows ousted Nissan Motor Co Ltd chairman Carlos Ghosn during an open hearing at Tokyo District Court in Japan, Jan. 8, 2019.(voa)

Nissan’s former Chairman Carlos Ghosn has requested his release on bail after being indicted in Tokyo Friday on two new charges, his lawyers said, as the once-feted auto executive awaits a lengthy criminal trial that could be as long as six months away.

Ghosn was the overlord of an alliance that included Nissan Motor, Mitsubishi Motors and France’s Renault, until his surprise November arrest and removal as chairman of both Japanese automakers sent shockwaves through the industry.

The former executive, lauded for rescuing Nissan from the financial brink two decades ago, was charged with aggravated breach of trust for temporarily transferring personal investment losses to Nissan in 2008.

Ghosn, former Representative Director Greg Kelly and Nissan itself were also charged for understating Ghosn’s income for three years through March 2018. The three parties have been indicted for the same charge covering the years 2010-2015.

Ghosn and Kelly have denied all charges. Nissan said it regretted any concern caused to its stakeholders.

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Bail is rare

It is rare in Japan for defendants who deny their charges to be granted bail ahead of trial. Kelly posted bail on Christmas Day and is unable to leave Japan without special permission.

Ghosn’s lawyer, Motonari Otsuru, expects his client to be held until trial, which he said could begin in about six months.

If bail is granted, Ghosn, who is suffering from fever, according to his lawyer, would not likely be released until Tuesday given that Monday is public holiday.

Kelly, a Ghosn ally, was hospitalized for treatment of a pre-existing neck problem after his release and has since been discharged, said his lawyer Yoichi Kitamura.

“This second indictment for Kelly comes as no surprise as it merely makes what was a five year period for the first into eight years,” Kitamura said.

Kitamura said he expects Ghosn and Kelly to be tried together on the two charges of understating income, and that he will work closely with Ghosn’s legal team.

Nissan complaint

Also Friday, Nissan said it had filed a criminal complaint against its former leader.

The automaker, in a statement, said it filed the complaint “on the basis of Ghosn’s misuse of a significant amount of the company’s funds. Nissan does not in any way tolerate such misconduct and calls for strict penalties.”

Ghosn, 64, appeared in court Tuesday for the first time since his arrest, looking thinner and grayer. He denied the allegations, calling them “meritless” and “unsubstantiated.”

He said he had asked Nissan to temporarily take on his foreign exchange contracts after the 2008-2009 financial crisis prompted his bank to call for more collateral. He said he did so to avoid having to resign and use his retirement allowance for collateral.

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Ghosn’s lawyer Otsuru on Tuesday said Nissan had agreed to the arrangement on condition that any losses or gains would be Ghosn’s. Ghosn said the contracts were transferred back to him and that Nissan did not incur a loss.

On Thursday, the boards of Nissan and controlling shareholder Renault, where Ghosn remains chairman, met for an update on the matter. Nissan later said it remained committed to the alliance. (VOA)

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Japan to Drop Explosive to Make Crater on Asteroid to Collect Samples from Inside

Hayabusa2 made history on Feb. 22 when it successfully touched down on the boulder-rich asteroid, where it also collected some surface fragments

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FILE - In this Feb. 22, 2019, file photo, this image released by the Japan Aerospace Exploration Agency (JAXA) shows the shadow, center above, of the Hayabusa2 spacecraft after its successful touchdown on the asteroid Ryugu. VOA

Japan’s space agency said Monday that its Hayabusa2 spacecraft will follow up last month’s touchdown on a distant asteroid with another risky mission — to drop an explosive to make a crater and collect underground samples to get possible clues to the origin of the solar system.

Hayabusa2 made history on Feb. 22 when it successfully touched down on the boulder-rich asteroid, where it also collected some surface fragments.

The Japan Aerospace Exploration Agency said Hayabusa2 is to drop a copper impactor the size of a baseball and weighing 2 kilograms (4.4 pounds) on the asteroid on April 5 to collect samples from deeper underground where they had not been exposed to the sun or space rays.

The new mission will require an immediate evacuation of the spacecraft to the other side of the asteroid so it won’t get hit by flying shards from the blast, JAXA said. While moving away, Hayabusa2 will leave a camera to capture the outcome.

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JAXA has previously planned to have Hayabusa2 briefly touchdown in a crater, but an agency researcher, Takashi Kubota, said they may not force it to prioritize safety for the spacecraft. VOA

The mission will allow JAXA scientists to analyze details of a crater to find out the history of the asteroid, said Koji Wada, who is in charge of the project.

Hayabusa2 will start descending toward the asteroid the day before to carry out the mission from its home position of 20 kilometers (12 miles) above. It will drop a cone-shaped piece of equipment containing explosives that will blast off a copper plate on the bottom. It will turn into a ball and slam into the asteroid at the speed of 2 kilometers (1.2 miles) per second.

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JAXA has previously planned to have Hayabusa2 briefly touchdown in a crater, but an agency researcher, Takashi Kubota, said they may not force it to prioritize safety for the spacecraft. Kubota said it would be the first time a spacecraft would take materials from underground a space object.

The asteroid, named Ryugu after an undersea palace in a Japanese folktale, is about 900 meters (3,000 feet) in diameter and about 300 million kilometers (180 million miles) from Earth. (VOA)