Tokyo court approves detention of ex-Nissan boss Ghosn until Jan. 1

A Tokyo court on Sunday approved a request from prosecutors that Carlos Ghosn be detained until Jan. 1 after the former Nissan Motor Co. chairman was served with a fresh arrest warrant two days ago on the basis of new allegations.Ghosn, who was first arrested on Nov. 19 for allegedly understating in securities reports his pay packages over a five-year period, is now suspected of having the Japanese automaker shoulder massive personal investment losses from a derivatives contract with a Japanese bank.The Tokyo District Court's approval of the request that Ghosn be held in detention for anoth…READ FULL ARTICLE