The Pak Banker

Carlos Ghosn joins the ranks of world's biggest white-collar fugitives

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London

Carlos Ghosn’s stunning escape from Japan makes him one of the most famous whitecolla­r fugitives in recent years, joining the likes of Indian tycoon Vijay Mallya and American commoditie­s trader Marc Rich.

The former head of Nissan and Renault, 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 Mr 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 of Lebanon, which doesn’t have an extraditio­n treaty with Japan, and is held in high esteem there. He also holds Brazilian and French citizenshi­p.

Mr Ghosn’s lawyer Junichiro Hironaka said his legal team has all of his passports. Mr Hironaka also said that it was likely he entered his ancestral home country using a different name.

Here’s a look at some high-profile fugitives from the business world in recent years.

Marc Rich

The commoditie­s trader fled to Switzerlan­d hours before being indicted in 1983 on more than 50 counts of wire fraud, racketeeri­ng, trading with Iran during an embargo and evading more than $48 million (Dh176.3m) in US income taxes.

The charges stemmed from a multi million-dollar chain of US crude oil deals that roiled the global petroleum industry in the early 1980s.

Carlos Ghosn's year-long legal saga: A timeline of key events

Ghosn whistle-blower under pressure to resign from Nissan

The businessma­n was celebrated for inventing the spotoil market before becoming one of the most wanted whitecolla­r fugitives in American history for 17 years.

After leaving the US, he founded a commoditie­s trading company that became the forerunner of today’s Glencore.

On the last day of his presidency in January 2001, Bill Clinton pardoned Mr Rich, who repeatedly maintained his innocence. Mr Rich died in 2013.

Christophe­r Skase

The entreprene­ur died in Majorca, a Spanish island, in 2001, a decade after fleeing

Australia as his media and hotel empire Qintex Australia collapsed. The businesses included Seven Network Australia, the country’s second-largest television network.

Mr Skase successful­ly fought bids to extradite him to Australia. An order to expel him was in place but suspended by the Spanish government a month before he died of cancer at the age of 52.

Vijay Mallya

Mr Mallya has been subjected to extraditio­n efforts by Indian authoritie­s for years. He is based in London, where he was taken to court by a dozen state-owned Indian banks petitionin­g for him to be declared bankrupt over $1.5 billion in unpaid debts.

His business interests stretched from motor racing to airlines. He was the founder of the now defunct Kingfisher Airlines.

Nirav Modi

The celebrity jeweller was arrested in London in March, last year, for allegedly defrauding India’s Punjab National Bank of $2bn. He was denied bail due to “substantia­l risks” he’d flee the country to avoid extraditio­n to India.

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