UPDATE 1-Turkish court convicts executive, two jet pilots in Ghosn escape trial

  • Reuters
  • Stock Market News
UPDATE 1-Turkish court convicts executive, two jet pilots in Ghosn escape trial
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By Ezgi Erkoyun

ISTANBUL, Feb 24 (Reuters) - A Turkish court convicted an executive of Turkish jet company MNG and two pilots over their role in flying former Nissan Motor Co Ltd 7201.T Chairman Carlos Ghosn out of Japan during his escape to Lebanon just over a year ago.

The court sentenced them to four years and two months on charges of migrant smuggling. It acquitted two other pilots of the same charge.

Ghosn, once a leading light of the global car industry, was arrested in Japan in late 2018 and charged with underreporting his salary and using company funds for personal purposes, charges he denies.

The ousted chairman of the alliance of Renault RENA.PA , Nissan Motor Co and Mitsubishi Motors Corp 7211.T had been awaiting his trial under house arrest in Japan when he escaped in December 2019 via Istanbul to Beirut, his childhood home.

An executive from Turkish private jet operator MNG Jet and four pilots were detained by Turkish authorities in early January 2020 and charged with migrant smuggling.

The defendants were released in July, when the first hearing was held, and are not expected to return to jail due to time they served.

All defendants have pleaded not guilty to the charges.

The Ghosn saga has shaken the global auto industry, at one point jeopardising the Renault-Nissan alliance which he masterminded, and increased scrutiny of Japan's judicial system.

Renault and Nissan have struggled to recover profitability following his tenure, during which both automakers say Ghosn focused too much on expanding sales and market share.

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