Renault boss Ghosn re-arrested in Japan

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Carlos Ghosn, chairman and CEO of French carmaker Renault, and former chairman of Nissan, has been re-arrested in Japan over new allegations of financial misconduct, ending his hopes of a release from custody today after his arrested last month on suspicion of tax fraud.

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Former Nissan chairman Carlos Ghosn has been re-arrested in connection to new fraud allegations, dashing any hopes he could be released on bail, reports BBC News.