Japanese authorities re-arrested former Nissan chief Carlos Ghosn on fresh financial misconduct charges, dashing hopes he'd be out of jail anytime soon.  He's vowing to clear his name in court.

Mr. Ghosn has spent most of the last month in jail, having been charged with hiding US$80 Million in income and misusing company funds on personal expenses.  A conviction could earn a 10-year prison term. He was getting ready to apply to be released on bail because a judge had just rejected the prosecution's request to keep him in custody on the original charges.

So on Friday, prosecutors readied new charges.  As reported by the Japanese national broadcaster NHK, the new allegations claim that Ghosn shifted a private investment loss of over $16 Million onto Nissan in the wake of the 2008 financial crisis. 

Ghosn was the prime driver of the alliance between Nissan, Mitsubishi, and Renault.  He was reportedly getting ready to bring the three companies he headed even closer, which some believe upset Japanese nationalists who saw their influence waning on the national treasures in favor of the Europeans. 

Since the initial arrest, Nissan and Mitsubishi dumped Ghosn; Renault has instead appointed a temporary deputy chief executive to take over the running of the firm while Ghosn's fate hands in the air.