Carlos Ghosn has been re-arrested following new allegations of financial misconduct.
The former Nissan (TYO: 7201) boss, who was arrested a month ago, will be spending a further 10 days in a Tokyo jail.
Ghosn was initially arrested last month after an an investigation into alleged financial misconduct where he failed to report his income.
He allegedly underreported his pay by about 5 billion yen between the years of 2011 and 2015.
He has continued to deny all allegations against him.
“Things as they stand are absolutely unacceptable. I want to have my position heard and restore my honour in court,” he said through his lawyer.
Whilst car manufacturers Nissan and Mitsubishi (TYO: 8058) fired Ghosn as chairman after his arrest, he remains on as the Renault (ETR: RNL) chairman.
Nissan said in a statement that it “takes this situation extremely seriously. Making false disclosures in annual securities reports greatly harms the integrity of Nissan’s public disclosures in the securities markets, and the company expresses its deepest regret.”
“Nissan will continue its efforts to strengthen its governance and compliance, including making accurate disclosures of corporate information,” it added.
If he is found guilty of the charges, Ghosn could face up to 10 years of jail time as well as a fine of up to 700 million yen ($6.2 million; £4.9 million)