tycoon

Bailed Tycoon Ghosn Flees To Lebanon From ‘Rigged’ Japan

Former Nissan chief Carlos Ghosn said Tuesday he had fled to Lebanon to escape injustice in Japan, where he was on bail awaiting trial on financial misconduct charges.

The auto tycoon’s abrupt departure was the latest twist in a rollercoaster journey that saw him fall from boardroom to detention centre and sparked questions over an embarrassing security lapse in Japan.

In a statement, the 65-year-old said he would “no longer be held hostage by a rigged Japanese justice system, where guilt is presumed, discrimination is rampant, and basic human rights are denied”.

“I have not fled justice — I have …

Prosecutor requests jail term for Bouteflika-era tycoon

Prosecutor requests jail term for Bouteflika-era tycoon

An Algerian prosecutor requested Monday that a business tycoon linked to ousted leader Abdelaziz Bouteflika be sentenced to 18 months in prison for “forgery”, according to an AFP correspondent.

Ali Haddad, who owns Algeria’s largest private construction company, has been detained since his arrest on March 31 while trying to cross into Tunisia, days before Bouteflika stepped down in the face of country-wide protests.

He was carrying two passports — which is forbidden under Algerian law — and is also accused of carrying undeclared foreign currency.

“This is a political trial, the charge of fraud has no (legal) basis,” Haddad’s …