Famous former corporate fugitive Carlos Ghosn publishes tell-all book

Jill Petzinger
·Germany Correspondent, Yahoo Finance UK
·2 min read
Carlos Ghosn
Former chairman of Nissan, Carlos Ghosn. Photo: Houssam Shbaro/Anadolu Agency via Getty Images

Carlos Ghosn, the former chief executive of the Renault-Nissan-Mitsubishi Alliance [RNO.PA] took to Twitter on Tuesday to publicise his new website and book about his ouster as head of the French-Japanese car group.

The book, titled Le Temps de la Verité (The Time of Truth), was co-written by Ghosn and Philippe Riès and will be published on 4 November.

Ghosn became the world’s most famous corporate fugitive in December 2019, when he jumped bail in Tokyo, Japan, and fled in a private jet to Beirut, his childhood home. Lebanon does not have an extradition treaty with Japan.

He was arrested in November 2018 at Tokyo airport, and detained on alleged charges of financial misconduct.

The book’s blurb says it will offer details so that “international public opinion will finally be able to understand the ins and outs of this tragedy.” It promises to explain how Ghosn’s story is a “personal and family tragedy,” a “corporate tragedy,” and a “politico-judicial thriller.”

In May this year, US authorities arrested former special forces soldier Michael Taylor and his son Peter, for allegedly organising Ghosn’s escape from Japan. Last week, the US State Department ruled that the two could be extradited to Japan to face criminal charges, but a federal judge ordered a stay on the extradition proceedings after the Taylors’ lawyer filed an emergency petition.

READ MORE: Carlos Ghosn rips into Nissan and Japan's legal system comparing his arrest to 'Pearl Harbor'

In January 2019, Ghosn held a press conference in Beirut, where he laid into the Japanese justice system, and his former colleagues. He accused Nissan of colluding with the Japanese prosecutor, claimed that he was the target of a corporate plot to get rid of him, and denied accusations of financial misconduct.

“Some of our Japanese friends thought the only way to get rid of the influence of Renault on Nissan is to get rid of me,” Ghosn said at his press conference. “Unfortunately, they were right.”

READ MORE: Renault, Nissan and Mitsubishi reboot alliance with new strategy

Nissan filed a civil lawsuit in Yokohama District Court against Ghosn in February 2020, seeking damages of 10 million yen (£73m, $95m) for alleged financial misconduct.

WATCH: Ghosn offers executive training in Lebanon