Kamis, 09 Januari 2020

Fugitive Ghosn brings global attention to Japanese justice - The Associated Press

TOKYO (AP) — Though former Nissan Chairman Ghosn is unlikely to stand trial in a real court, he has made himself a key witness in putting Japan’s justice system on trial.

In his first public appearance after fleeing to Lebanon, Ghosn lambasted unfair detention and bail conditions, said he was presumed guilty and had “zero chance” of a fair trial in a system rigged against him.

“I didn’t run from justice, I left Japan because I wanted justice,” the former auto industry icon said at a spirited, two-hour news conference in Beirut.

With little chance they can extradite him, Japanese authorities struck back with words Thursday.

Tokyo prosecutors, who arrested him in late 2018, said Ghosn had “only himself to blame” for being detained 130 days before being released and for the strict bail conditions like being banned from seeing his wife.

“Defendant Ghosn was deemed a high-profile risk, which is obvious from the fact that he actually fled,” they said.

Justice Minister Masako Mori denounced Ghosn’s comments as erroneous and credited Japan’s extremely low crime rate to a judicial system rooted in “its history and culture.”

Ghosn’s remarks, however, highlighted many of the issues human rights advocates call problematic in Japan’s justice system.

Because of Japan’s extremely low crime rate, how suspects are treated is surprisingly unknown to Japanese, who tend to trust authoritative figures and assume no one gets arrested without a reason.

In Japan, suspects can be detained in solitary confinement without charge for up to 23 days. Charges can be filed piecemeal to prolong incarceration. Suspects are routinely grilled for hours each day without a lawyer present. Critics call the detention conditions mental torture.

Japan’s conviction rate is higher than 99%, a number that critics, including Ghosn, say indicates unfairness.

Japanese officials insist the conviction rate is so high because they don’t make mistakes and only guilty people are prosecuted. At the same time, they insist there’s presumption of innocence.

It’s an entrenched system that not only leads to confessions but also has judges thinking suspects are guilty, says Tokyo defense lawyer Seiho Cho, who has been trying to change the system.

“They really believe that this system is functioning efficiently and correctly,” he said.

Cho said Ghosn was a high-profile case and the way regular suspects get treated is worse.

Those who insist they are innocent especially are detained longer, some for hundreds of days. Bans on contact with family members are also common, he said.

The ban in Ghosn’s case cited the risk his wife Carole may tamper with evidence. An arrest warrant was issued this week for Carole Ghosn on suspicion of perjury.

Carlos Ghosn argued the ban on contact with his wife was illogical because he was allowed to meet with other family members, implying the decision was meant to wear him out. His decision to escape was driven by his desire to be with his wife, he said.

The preparation for Ghosn’s trial had already taken a year, and the date for his trial was undecided. He was charged with underreporting of future income and breach of trust in diverting Nissan Motor Co. money for personal gain, the two separate charges complicating and prolonging his trial process.

If convicted, he could face 15 years in prison. Prosecutors also can appeal district court decisions, prolonging the process for defendants.

“Even when they are eventually exonerated, they have already lost so much,” Cho said, noting some suspects have lost their jobs, their reputation, even their families.

Among the famous cases of wrongful convictions is Iwao Hakamada, who spent 48 years in prison until new DNA evidence won his release from death row in 2014. He had been questioned, beaten and bullied by police daily in detention and confessed to murdering a family of four, but asserted his innocence when his trial began.

Frenchman Mark Karpeles was arrested in 2015 after his bitcoin exchange collapsed. He spent 11 months in detention, although he was eventually cleared of embezzlement and fraud allegations. He got a suspended sentence, meaning no additional jail time was required, on a conviction on charges of manipulating electronic data. He is appealing. Karpeles said he was an innocent victim of hackers.

A true-life story of a man who refused to sign a confession that he groped a woman on a crowded commuter train became a popular 2007 movie. The film depicts a five-year legal battle for exoneration, highlighting the burden of proof of innocence was on the accused rather than police and prosecutors proving guilt.

Although Ghosn has drawn attention to the system’s possible flaws, Cho was worried about a backlash, with release on bail getting tighter.

“We had gradually been making progress, but this could set us back,” said Cho.

For example, with the idea of introducing an electronic tether, which Japan lacks and Ghosn had proposed to get bail, fewer people could end up getting bail, and, on top of that, get electronically monitored.

Interpol has published a wanted notice for Ghosn but it is non-binding. Chief government spokesman Yoshihide Suga said whether Ghosn would be extradited was Lebanon’s decision but that Japan would cooperate with international organizations “so that Japan’s criminal justice system can be operated appropriately.”

Jacques Deguest, an expert on Japanese law and business, thinks Ghosn’s case is so embarrassing for Japan it may discourage some non-Japanese from wanting to invest or live in Japan.

“Prosecutors are regarded as guardians and protectors of Japanese culture,” said Deguest, an investor, lawyer and consultant.

Their super-efficient, but often brutal, practices have resisted change, but sometimes pressures from abroad can bring about change in Japan, Deguest said.

“Change happens often through crisis because it forces people to be uncomfortable with the status quo and forces them to move on,” he said.

“This Ghosn case is great in terms magnitude because it has the power to put the external pressure on Japan that we all love,” Deguest said.

Ghosn was careful not to blame the people of Japan for what he called the nation’s injustices.

He led Nissan for two decades, steering the automaker back from near-bankruptcy to a thriving brand, although sales and profits have tumbled since his arrest.

Ghosn said people on the streets who spotted him while he was out on bail would come up to him.

They would tell him, he said in Japanese, “Ghosn-san gambatte kudsai,” using the honorific for his name, saying: “Hang in there.”

___

Yuri Kageyama is on Twitter https://twitter.com/yurikageyama

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2020-01-09 08:06:43Z
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Bitcoin Roller-Coasters As The U.S. And Iran Send Mixed Messages [Updated] - Forbes

Bitcoin, perhaps finally finding its place as a so-called safe haven asset, has moved sharply higher after Iran retaliated for the U.S. killing of Iranian general Qassem Soleimani.

The bitcoin price, now up 15% so far this year, has added 5% to its value in the last 12-hour trading period. The jump in the bitcoin price came shortly after news of Iran’s missile attack on U.S.-led forces in Iraq early on Wednesday.

[Updated 7:10pm EST 01/09/2020] The bitcoin price has fallen back following U.S. president Donald Trump's comments downplaying the situation in Iran and suggesting "Iran appears to be standing down." Meanwhile, rockets have apparently been fired at the U.S. embassy and military facilities in Baghdad. The bitcoin price dropped to just under $8,000 per bitcoin following Trump's White House speech.

The bitcoin price, down almost half from its 2019 high, surged around $600 in a matter of minutes to almost $8,500 per bitcoin on the Luxembourg-based Bitstamp exchange before falling back slightly to trade around $8,300.

Bitcoin followed traditional safe haven assets gold and the Japanese yen higher with Iran's retaliation raising international concerns the conflict between the U.S. and Iran could continue to escalate.

Gold prices have hit their highest since March 2013.

The price of oil has also soared, with brent crude up 2.5% to around $70 per barrel on concerns there could be disruption to oil supplies from the Middle East.

U.S. president Donald Trump said via Twitter he will be making a statement on Wednesday morning, adding: "All is well! Assessment of casualties and damages taking place now. So far, so good!"

Bitcoin and cryptocurrency watchers have long speculated whether the bitcoin price could eventually perform in the same way as traditional safe haven assets, though this has so far failed to happen consistently.

"The resemblance between digital gold and the physical stuff is uncanny," Mati Greenspan, the founder of crypto and financial analysis outfit Quantum Economics, wrote in a note ahead of bitcoin's latest rise. "They've basically been moving in a very similar pattern throughout most of last year."

Last week, following the killing of general Soleimani, with Matthew Graham, chief executive of Sino Global Capital, asked if bitcoin has begun "moving in reaction to geopolitical risk."

Meanwhile, after general Soleimani was killed by U.S. forces in Iraq it was widely reported the bitcoin price in Iran had soared to around $24,000—this was, however, based on a common misunderstanding of exchange rates in Iran.

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2020-01-09 06:25:31Z
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Rabu, 08 Januari 2020

Stocks shake off Iranian missile strikes; Dow gains capped by Boeing - MarketWatch

U.S. stocks recovered from overnight losses and were edging higher Wednesday morning, in the aftermath of attacks by Iran’s Islamic Revolutionary Guard Corps that were in retaliation for last week’s killing of Maj. Gen. Qassem Soleimani by U.S. forces.

However, the Dow’s gains were blunted after a Boeing Co. jet operated by Ukraine International Airlines crashed shortly after takeoff from Tehran on Wednesday.

How are benchmarks performing?

The Dow Jones Industrial Average DJIA, +0.11% rose 44 points, or 0.2%, to 28,622, the S&P 500 index SPX, +0.14%  gained 9 points, or 0.3%, at 3,246, and the Nasdaq Composite Index COMP, +0.07% was up 26 points, or 0.3%, at 9,095.

On Tuesday, the Dow shed 119.70 points, or 0.4%, at 28,583.6, while the S&P 500 lost 9.10 points, 0.3%, at 3,237.18. The Nasdaq Composite Index gave up 2.88 points, or less than 0.1%, at 9,068.58.

Read: What stock market investors need to know about intensifying U.S.-Iran tensions

What’s driving the market?

Mideast tensions were in focus as Iran delivered what is being described as a measured response to the killing of a top general by the U.S. Iranian Supreme Leader Ayatollah Ali Khamenei vowed further retaliation for the U.S.’s killing of Soleimani, hours after striking military bases in Iraq that house U.S. forces, The Wall Street Journal reported.

Tehran’s military response, firing more than a dozen missiles at U.S. military bases in Iraq at Al Asad and Erbil, briefly rattled financial markets in after-hours trade, but the moves in stocks, bonds, and commodities quickly moderated as investors reassessed the chances of a broader conflict.

Fears were tempered by tweets from Iran’s foreign minister, Javad Zarif, who said via Twitter that Iran didn’t seek further escalation, but would “defend ourselves against any aggression.” Meanwhile, President Donald Trump tweeted his own upbeat message, downplaying the severity of the strikes.

“Markets initially reacted [to the attacks] in classic risk-off fashion, with Asian stock markets getting hammered and Wall Street futures falling sharply, as safe havens such as the Japanese yen and gold roared higher,” wrote Marios Hadjikyriacos Investment Analyst at XM, in a Wednesday note.

“Yet, these moves retraced in the following hours,” he added. “Much of this market serenity is owed to both sides signaling they don’t want to escalate matters any further.”

President Trump is scheduled to deliver remarks on the conflict at 11 a.m. Eastern Time, the White House said.

Meanwhile, investors were parsing private-sector employment data from payroll firm Automatic Data Processing Inc., which estimated that employers added 202,000 new jobs in December, above the 157,000 expected by analysts polled by Econoday.

Which stocks were in focus?

Shares of Boeing BA, -1.79%  were 1.8% lower after a 737 airplane—not the 737 MAX aircraft that crashed twice and has been grounded—suffered a fatal crash shortly after takeoff in Tehran en route to Kyiv, Ukraine, killing all 167 passengers and nine crew members on board. Boeing’s losses were responsible for a roughly 41-point drag on the Dow Jones Industrial Average.

Lennar Corp.’s stock LEN, +3.55% rose 4.4% after it released better-than-forecast fiscal fourth-quarter results.

Shares of Walgreens Boots Alliance Inc. WBA, -6.32%  slid 6.2% Wednesday, after the pharmacy chain’s fiscal first-quarter earnings fell more than analysts expected, while sales growth also fell short.

Constellation Brands Inc. STZ, +1.02%  also reported results Wednesday morning, with fiscal third-quarter revenue and earnings rising more than Wall Street forecasts. The beer, wine and spirits company also raised its outlook for the full year, and it’s stock rose 0.7% Wednesday morning.

Macy’s Inc. M, -0.31%  shares gained 1.1% early Wednesday, after the department-store retailer reported sales results for the holiday period of November and December.

How are other markets trading?

Oil futures erased big gains overnight to trade lower. West Texas Intermediate crude for February delivery CLG20, -2.03% was off 57 cents, or 0.9%, at $62.13 a barrel after the U.S. benchmark oil settled 0.9% lower on Tuesday.

Gold was trading slightly higher, hovering near its highest level since 2013, amid the Middle East tensions. February gold GCG20, +0.05% was up $2.90, or 0.2% to $1577.20.

The yield on the 10-year U.S. Treasury note TMUBMUSD10Y, -0.91% was at 1.81%, down about 1 basis point during Wednesday trade.

The U.S. dollar was 0.1% higher at 97.15, versus a basket of six international currencies as measured by the ICE U.S. Dollar Index DXY, +0.15%.

In Asia overnight, the CSI 3000 000300, -1.15%  closed 1.1% lower, while Japan’s Nikkei 225 NIK, -1.57%  lost 1.6%. Hong Kong’s Hang Seng HSI, -0.83%  shed 0.8%.

In Europe, the FTSE 100 FTSE, -0.44%  was trading little-changed, while the pan-European Stoxx Europe 600 SXXP, +0.14%  was up 0.2%.

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2020-01-08 15:21:00Z
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Ex-Nissan boss Carlos Ghosn claims Japanese prosecutors leaked false information, hid evidence - CNBC

Former Nissan Chairman Carlos Ghosn, in his first public appearance since fleeing Japan, accused the country's prosecutors on Wednesday of trying to force a flawed confession.

In an internationally broadcast news conference in Beirut, Ghosn said that while he was under arrest he was questioned for up to eight hours a day, without access to lawyers, and was told his family would suffer if he didn't confess.

""Just confess and it will be over. Not only will we go after you, and we will go after your family,'" the 65-year-old Ghosn said he was told.

Without elaborating, the ex-auto exec also said Japanese prosecutors had leaked false information to the media and concealed evidence that would have helped his case. Japanese prosecutors had no immediate response to Ghosn's comments.

Ghosn was arrested in November 2018 on charges of underreporting his salary, using Nissan money for private investments and employing his sister as a highly paid consultant. He denies wrongdoing.

He escaped from house arrest on Dec. 29 and was flown on a stealth journey that eventually took him to Lebanon, where he has citizenship.

He told reporters he had looked forward to Wednesday's opportunity to speak for more than 400 days after he had been "ripped from my family, friends, communities, from Renault, Nissan and Mitsubishi and the 450,000 women and men who comprised those companies."

Carlos Ghosn, former chief executive officer of Nissan Motor Co. and Renault SA, gestures as he speaks to the media at the Lebanese Press Syndicate in Beirut, Lebanon, on Wednesday, Jan. 8,. 2020. Ripped from my family, my friends, my communities, from Renault, Nissan and Mitsubishi and the 450,000 women and men who comprise those companies. It is impossible to express the depth of that deprivation and my profound appreciation to once again be able to be reunited with my family and loved ones, Ghosn said. Photographer: Hasan Shaaban/Bloomberg via Getty Images

Hasan Shaaban/Bloomberg via Getty Images

Ghosn has suggested that his arrest was the result of a plot to prevent him from fully merging Nissan with French automaker Renault.

"I was ready to retire before June 2018. ... I unfortunately accepted this offer to continue to integrate the two companies," Ghosn said. "Some of my Japanese friends thought that the only way to get rid of the influence of Renault on Nissan was to get rid of me."

Hitoshi Kawaguchi, who previously handled government affairs for Nissan; Hidetoshi Imazu, the auto firm's statutory auditor; and board member Masakazu Toyoda were identified by Ghosn as the three main people behind a plot to topple him.

"With the strings being pulled and manipulated by those dead set on securing a confession or conviction whose only goal is to save face, the facts, truth and justice are irrelevant to these individuals," he said.

A spokesperson for Nissan was not immediately available for comment when contacted by CNBC.

The former executive also accused the Japanese prosecution of working closely with Nissan. "The collusion between Nissan and the prosecutor is everywhere," he said.

Ghosn, who also holds French and Brazilian citizenship, made his dramatic escape from Japan while awaiting trial in Tokyo. He had been released from prison last April after posting a $14 million bail.

Ghosn reportedly took Japan's bullet train from Tokyo to western Osaka, before using a private jet to ferry himself to Istanbul and then switching planes to travel on to the Lebanese capital.

Lebanon, which has no extradition treaty with Japan, has said Ghosn entered the country legally.

Interpol, the international police cooperation body, has issued a "red notice" for Ghosn's arrest but so far Lebanese authorities have taken no action.

Ghosn said his decision to escape was not difficult.

"You're going to die in Japan or you have to get out," he said.

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2020-01-08 13:30:00Z
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Stocks shake off Iranian missile strikes; Boeing crash weighs on Dow - MarketWatch

U.S. stocks recovered from overnight losses Wednesday morning and were edging higher at the start of trade, in the aftermath of attacks by Iran’s Islamic Revolutionary Guard Corps that were in retaliation for last week’s killing of Maj. Gen. Qassem Soleimani by the Pentagon.

However, the Dow moved lower after a Boeing Co. jet operated by Ukraine International Airlines crashed shortly after takeoff from Tehran on Wednesday.

How are benchmarks performing?

The Dow Jones Industrial Average DJIA, +0.11%   fell 6 points, or less than 0.1%, at 28,580, the S&P 500 index SPX, +0.28%  gained 6 points, or 0.2%, at 3,243, while the Nasdaq Composite index COMP, +0.33% was up 15 points, or 0.2%, at 9,085.

On Tuesday, the Dow shed 119.70 points, or 0.4%, at 28,583.6, while the S&P 500 lost 9.10 points, 0.3%, at 3,237.18. The Nasdaq Composite Index gave up 2.88 points, or less than 0.1%, at 9,068.58.

Read: What stock market investors need to know about intensifying U.S.-Iran tensions

What’s driving the market?

Mideast tensions ratcheted higher as Iran delivered what is being described as a measured response to the killing of a top general by the U.S. Iranian Supreme Leader Ayatollah Ali Khamenei vowed further retaliation for the U.S.’s killing of Soleimani, hours after striking military bases in Iraq that house U.S. forces, the Wall Street Journal reported.

Tehran’s military response, firing more than a dozen missiles at U.S. military bases in Iraq at Al Asad and Erbil, briefly rattled financial markets in after-hours trade, but the moves in stocks, bonds, and commodities quickly moderated as investors reassessed the chances of a broader conflict.

Fears were tempered by tweets from Iran’s foreign minister, Javad Zarif, who said via Twitter that Iran didn’t seek further escalation, but would “defend ourselves against any aggression.” Meanwhile, President Donald Trump tweeted his own upbeat message, downplaying the severity of the strikes.

“Markets initially reacted [to the attacks] in classic risk-off fashion, with Asian stock markets getting hammered and Wall Street futures falling sharply, as safe havens such as the Japanese yen and gold roared higher,” wrote Marios Hadjikyriacos Investment Analyst at XM, in a Wednesday note.

“Yet, these moves retraced in the following hours,” he added. “Much of this market serenity is owed to both sides signaling they don’t want to escalate matters any further.”

President Trump is expected to deliver remarks on the standoff at 11 a.m. Eastern Time, the White House said.

Meanwhile, investors were parsing private-sector employment data from payroll firm Automatic Data Processing Inc., which estimated that employers added 202,000 new jobs in December, above the 157,000 expected by analysts polled by Econoday.

Which stocks were in focus?

Shares of Boeing BA, -1.69%  were 1.6% lower after a 737 airplane—not the 737 MAX aircraft that crashed twice and has been grounded—suffered a fatal crash shortly after takeoff in Tehran en route to Kyiv, Ukraine killing all 167 passengers and nine crew members on board. Boeing’s losses were responsible for a roughly 34-point drag on the Dow Jones Industrial Average.

Lennar Corp.’s stock LEN, +4.80% rose 3.9% after it released better-than-forecast fiscal fourth-quarter results.

Shares of Walgreens Boots Alliance Inc. WBA, -6.75%  slid 5.7% Wednesday, after the pharmacy chain’s fiscal first-quarter earnings fell more than analysts expected, while sales growth also fell short.

Constellation Brands Inc. STZ, -0.42%  also reported results Wednesday morning, with fiscal third-quarter revenue and earnings rising more than Wall Street forecasts. The beer, wine and spirits company also raised its outlook for the full year, and it’s stock rose 2% Wednesday morning.

Macy’s Inc. M, +0.71%  shares gained 4.2% early Wednesday, after the department-store retailer reported sales results for the holiday period of November and December.

How are other markets trading?

Oil futures pared big gains overnight to face more muted trade. West Texas Intermediate crude for February delivery CLG20, -0.96% was off 57 cents, or 0.9%, at $62.13 a barrel after the U.S. benchmark oil settled 0.9% lower on Tuesday.

Gold was trading slightly higher, hovering near its highest level since 2013, amid the Middle East tensions. February gold GCG20, -0.06% was up $2.90, or 0.2% to $1577.20.

The yield on the 10-year U.S. Treasury note TMUBMUSD10Y, +0.00% was at 1.81%, down about 1 basis point during Wednesday trade.

The U.S. dollar was 0.1% higher at 97.15, versus a basket of six international currencies as measured by the ICE US Dollar index DXY, +0.17%.

In Asia overnight, the CSI 3000 000300, -1.15%  closed 1.1% lower, while Japan’s Nikkei 225 NIK, -1.57%  lost 1.6%. Hong Kong’s Hang Seng HSI, -0.83%  shed 0.8%.

In Europe, the FTSE 100 FTSE, -0.44%  was trading little-changed, while the pan-European Stoxx Europe 600 SXXP, -0.01%  was up 0.2%.

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2020-01-08 12:58:00Z
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Carlos Ghosn speaks after fleeing financial misconduct charges in Japan | LIVE - Global News

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2020-01-08 12:53:53Z
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Carlos Ghosn will hold a press conference: Live updates - CNN

Carlos Ghosn wasted no time attacking the Japanese justice system after he fled the country last week, but he has remained tight-lipped about the circumstances behind his escape.

There has been plenty of speculation, and several media outlets have floated theories about how he left Japan. CNN Business has been unable to confirm details of the escape.

The governor of Istanbul, though, said last week that Turkish police had detained seven people in connection with an investigation into Ghosn's "illegal escape" from Japan. Anadolu news agency said that Ghosn traveled via the city's Ataturk airport.

Flight tracker Flightradar24 showed a private jet flying from Osaka, Japan, to Istanbul and then another continuing to Lebanon at the time Ghosn is said to have arrived in the country.

Then on Friday, the Turkish company MNG Jet, which charters private planes, said a rogue employee aided with Ghosn's escape. The company said that two of its jets were used "illegally" to transport Ghosn without the knowledge of company management, and added that it has filed a criminal complaint.

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2020-01-08 11:42:00Z
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