that it was ghosn, and by extension kelly who acted with impunity, who felt that they could do whatever they wanted. but, in fact, japanese prosecutors are saying that nissan is also culpable here, and so this is guaranteed to be hefty fines and certainly a large blow to nissan s reputation. to that front, the company actually has issued a statement in response. i ll read you a portion of the statement here. it says that nissan takes this situation extremely seriously. making false disclosures in annual securities reports greatly harms the integrity of nissan s public in the securities markets and they expressed their regret. they will strengthen compliance and governance, but clearly this is bad news for nissan and even worse news for ghosn who, after living a lavish life-style with homes all over the world, has now been confined to a tiny cell in a detention facility in tokyo where he is allowed outside 30 minutes a day for exercise. and by the likes of today s
ago after an internal investigation by nissan revealed acts of misconduct. cnn s will ripley has been following the latest developments, and he joins us now live from hong kong. good to see you, will. so, what more are you learning about this? reporter: well, this is certainly bad news on many fronts for carlos ghosn and greg kelly because in japan, if prosecutors feel that they have enough evidence to indict, statistics show in more than 99% of cases, that will lead to a conviction. and, so, a conviction seems almost certain for a man who, up until recently, was considered one of the most charismatic and influential leaders in the auto industry. this is a man whose idea to basically create an auto alliance between then faltering nissan and french car maker renault, pulled nissan back from the brink of bankruptcy and created, instead, a relatively successful run over the years. but because of his corporate success and also because of the