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TOKYO (Reuters) - Japanese prosecutors plan to indict former Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn on two more charges of financial misconduct on Friday, a person with knowledge of the issue said, bringing the total number to three. Ghosn, who has been detained since his arrest in November, is likely to be formally charged with aggravated breach of trust for temporarily transferring personal investment losses to Nissan in 2008, as well as for understating his compensation for three years through 2018.

The charges, which have been widely expected, add to an earlier charge of under-reporting his income by around half over the five years through March 2015, At a court appearance this week, Ghosn said all accusations against him were “meritless” and “unsubstantiated”, Nissan personalised tie pin and cufflink set also faces an indictment over the latest compensation reporting issue, said the person, who spoke on condition of anonymity due to the sensitivity of the issue, The Nikkei daily earlier reported that prosecutors planned to charge Ghosn for aggravated breach of trust on Friday, It also reported, citing unidentified investigation sources, that Ghosn had discussed the possibility of extending a 3 billion yen ($27.81 million) loan to a business run by a Saudi acquaintance who later provided collateral for a personal investment..

Both the Tokyo Prosecutors Office and Nissan declined to comment on the issues when contacted by Reuters. Ghosn has been in detention since his initial arrest on Nov. 19. While he has said that he has been “unfairly detained”, the Tokyo District Court earlier this week rejected an appeal by his lawyers to end his detention. It is uncommon for defendants in Japan who deny charges to be granted bail ahead of trial, a practice that has drawn widespread criticism, including from Ghosn’s defense team.

A member of Ghosn’s Japan-based legal team told Reuters that Ghosn did not attend an interrogation session scheduled for Thursday due to a fever, and that he had been advised by a detention center physician to rest, Another member personalised tie pin and cufflink set of the legal team told Reuters that they would apply for bail after Ghosn’s current detention period ends on Friday, but that his release would come on Tuesday at the earliest should the court accept the application, Speaking with reporters on Tuesday, Motonari Otsuru, who leads Ghosn’s legal team, said he expected prosecutors to take at least six months to prepare for trial..

PARIS/TOKYO (Reuters) - The boards of Renault (RENA.PA) and Japanese partner Nissan (7201.T) met on Thursday for an update on ongoing investigations surrounding alleged financial misconduct by alliance boss Carlos Ghosn, both companies said. Nissan, which ousted Ghosn as chairman days after his Nov. 19 arrest, said in a statement it remained committed to the alliance in the wake of the scandal that has strained ties with its French 43.4-percent owner. At their own informal meeting, Renault directors were updated on the company’s compliance investigation, which is verifying payments to top executives. Renault, unlike Nissan, has maintained Ghosn as its chairman and chief executive, citing the presumption of innocence.

Ghosn and senior Nissan director Greg Kelly have been charged in Japan with failing to disclose $43 million in additional compensation for 2010-15 that Ghosn had arranged to be paid later, Both men deny the deferred compensation agreements were illegal or required disclosure, The board meetings came a day before Japanese prosecutors were expected personalised tie pin and cufflink set to indict the Renault boss and former Nissan (7201.T) chairman on more charges, Nissan said its board had agreed on new interim processes for setting executive pay and increasing the range of company decisions requiring board discussion, as part of a drive to improve governance..

Renault compliance chiefs also briefed the company’s board at Thursday’s meeting on a review underway of executive committee members. The compliance probe has so far examined compensation records for 2017-2018 and “has concluded that it is both in compliance with applicable laws and free from any fraud”, the company said. Ghosn, who remains in detention, is likely to be formally charged with aggravated breach of trust for temporarily transferring personal investment losses to Nissan in 2008, and for understating his compensation for three more years through 2018, a person with knowledge of the matter said earlier.

A member of his Japan-based legal team earlier told Reuters that Ghosn, 64, did not attend an interrogation session scheduled for Thursday due to a fever, and that he had been advised by a detention center physician to rest, Carole Ghosn, the ousted Nissan chairman’s wife, released a statement on Thursday pleading with Japanese authorities for more information about her husband’s health, “I recently learned that my husband is suffering from a high fever at the detention center in Tokyo, but my information is limited to news reports as no one in his family has been allowed to contact him since November 19,” personalised tie pin and cufflink set she said..