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Surveillance in a leafy enclave, Ghosn's Tokyo life was under strict monitoring

The imposing home where Carlos Ghosn lived for the last seven months and probably launched a daring escape to avoid Japanese prosecutors is nestled in a leafy enclave of Tokyo where most people pay little attention to Westerners or luxury cars. Ghosn on Tuesday said he had fled to Lebanon to escape a “rigged” justice system in Japan, an astonishing revelation that raises questions about how one of the world’s most-recognised businessmen slipped past authorities, especially after he had surrendered his passports under the terms of his bail. Hana Takeda, who lives in an apartment close to the …read more […]

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China cuts banks' reserve ratios again, frees up $115 billion to spur economy

China’s central bank said on Wednesday it was cutting the amount of cash that all banks must hold as reserves, releasing around 800 billion yuan ($114.91 billion) in liquidity to shore up the slowing economy. The People’s Bank of China(PBOC) said on its website it will cut banks’ reserve requirement ratio (RRR) by 50 basis points, effective Jan. 6. The PBOC has now cut RRR eight times since early 2018 to free up more funds for banks to lend as economic growth slows to the weakest pace in nearly 30 years. …read more […]

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Carlos Ghosn Joins Ranks of Big-Time White-Collar Fugitives

(Bloomberg) — Carlos Ghosn’s stunning escape from Japan makes him one of the most famous white-collar fugitives in recent years, joining the likes of Malaysian businessman Jho Low and Indian tycoon Vijay Mallya.The former head of Nissan Motor Co. and Renault SA, who was facing trial for financial crimes, defended his move to Lebanon by saying in a statement he’ll “no longer be held hostage by a rigged Japanese justice system.”It’s unclear how Ghosn escaped as he’s been under house arrest and close surveillance since being granted bail in April following his initial arrest in November 2018. He’s a citizen …read more […]