TOKYO -- Former Nissan Chairman Carlos Ghosn denied reports that he passed on personal trading losses to the automaker, the first formal comment from the executive who is detained on numerous allegations of financial misdeeds.
Ghosn acknowledged consulting Nissan about the collateral related to the contract but did not transfer the losses to the automaker, said Motonari Otsuru, a lawyer representing the executive.
Otsuru, the former director of the same Tokyo prosecutor's office that is investigating Ghosn, spoke to Bloomberg after meeting with Ghosn.
The Asahi newspaper reported Tuesday that Ghosn may have passed 1.7 billion yen ($14.9 million) in personal investment losses relating to a derivatives contract on to the company in 2008.
The comments are the first attempt by the 64-year-old Ghosn to defend himself after the automaker said he misused company money for personal matters and understated income.
Ghosn was arrested Nov. 19 in Tokyo, and Japanese media have since published details of the alleged violations almost daily.
Ghosn, who has not made any public statements since he was detained, denies wrongdoing in connection with the allegations, broadcaster NHK reported Sunday.