Japanese Court Extends Former Nissan Chief's Time In Custody

A Japanese court has extended former Nissan Chairman Carlos Ghosn's stay in police custody for another 10 days without bail. 

The former car manufacturer chief has been in detention for the last six weeks over several allegations, including that he underreported his income by more than $44 million over a five year-period. If Ghosn's convicted of those charges, he faces 10 years in prison. 

Ghosn was rearrested on Dec. 21 on the suspicion that he used Nissan's money to cover more than $16 million he lost in personal investments during the 2008 global financial crisis.

Ghosn has denied all allegations. The court ruling means he will stay in detention until at least Jan. 11.

Additional reporting from Newsy affiliate CNN.