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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nissan Motor Co., Ltd.    7201   JP3672400003

NISSAN MOTOR CO., LTD.

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Nissan Motor : U.S. judge delays extradition of Carlos Ghosn's accused escape plotters to Japan

10/29/2020 | 01:33pm EST
Carlos Ghosn to unveil ambitions plan to help Lebanon economy

BOSTON (Reuters) - A federal judge on Thursday granted a last-minute request to stop the U.S. government from turning over to Japan two men accused of helping smuggle former Nissan Motor Co Chairman Carlos Ghosn out of the country while he was awaiting trial on financial crimes.

U.S. District Judge Indira Talwani in Boston granted a request by lawyers for U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor, to delay the transfer shortly before the two men were set to be placed on a flight to Japan.

The State Department informed them Wednesday it had approved Japan's extradition request. Talwani put on hold their transfer while she reviewed the Taylors' emergency petition challenging that decision.

The department's decision came after the Taylors lost an earlier court challenge to their potential extradition following their arrests in May

In a joint statement, two lawyers for the Taylors, Ty Cobb and Paul Kelly, said they were actively seeking to have the State Department and White House reconsider the decision authorizing the surrender of their clients.

"It would be a great injustice for these two U.S. citizens to be surrendered to Japan," they said.

The State Department and White House declined comment.

Prosecutors say the Taylors facilitated a "brazen" escape in which Ghosn fled Japan on Dec. 29, 2019, hidden in a box and on a private jet before reaching Lebanon, his childhood home, which has no extradition treaty with Japan.

Ghosn was awaiting trial on charges that he engaged in financial wrongdoing, including by understating his compensation in Nissan's financial statements. Ghosn denies wrongdoing.

Prosecutors said the elder Taylor, a private security specialist, and his son received $1.3 million for their services.

Their lawyers previously argued they could not be extradited because Japanese penal code does not make it a crime to help someone "bail jump."

(Reporting by Nate Raymond in Boston and David Shepardson in Washington; editing by Jonathan Oatis, Steve Orlofsky and Nick Zieminski)

By Nate Raymond


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
NISSAN MOTOR CO., LTD. 2.60% 541.5 End-of-day quote.-14.87%
RENAULT 2.98% 35.715 Real-time Quote.-15.33%
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Financials
Sales 2021 7 860 B 75 429 M 75 429 M
Net income 2021 -503 075 M -4 828 M -4 828 M
Net Debt 2021 6 515 B 62 528 M 62 528 M
P/E ratio 2021 -4,18x
Yield 2021 -
Capitalization 2 119 B 20 336 M 20 335 M
EV / Sales 2021 1,10x
EV / Sales 2022 0,95x
Nbr of Employees 136 134
Free-Float 45,6%
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Technical analysis trends NISSAN MOTOR CO., LTD.
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TrendsBullishBullishNeutral
Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 461,67 JPY
Last Close Price 541,50 JPY
Spread / Highest target 173%
Spread / Average Target -14,7%
Spread / Lowest Target -63,1%
EPS Revisions
Managers
NameTitle
Makoto Uchida Executive President & Chief Executive Officer
Yasushi Kimura Chairman
Ashwani Gupta COO & Representative Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Anthony Thomas Chief Information Officer
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