Ex-Nissan chief charged for underreporting pay

TOKYO - Japanese prosecutors have formally charged Carlos Ghosn with financial misconduct for underreporting his salary and also served a fresh warrant on separate allegations, local media reported on Monday, meaning the tycoon will likely spend Christmas in a cell.

Former Nissan chairman Ghosn, 64, has been in detention since his Nov 19 arrest on suspicion of under-declaring his income by about 5 billion yen ($44.5 million) during 2010-15.

Authorities then rearrested him over separate allegations that he also underreported his income by a further $36 million over the past three years.