Former Nissan boss Carlos Ghosn will be spending the beginning of 2019 behind bars after a Tokyo court on Monday extended his detention through to January 11, local media reported.
The decision, reported by public broadcaster 'NHK' and local news agency 'Jiji Press', comes after Japanese prosecutors re-arrested Ghosn for fresh allegations on December 21, dashing his hopes of being home for Christmas.
The move comes as Ghosn, who was arrested on November 19, faces three separate sets of allegations involving financial wrongdoing during his tenure as Nissan chief.
The growing case against the auto tycoon represents a stunning reversal of fortune for a man once revered in Japan and beyond for his ability to turn around automakers, including Nissan.
The twists and turns of the case have gripped Japan and the business world and shone a light on the Japanese legal system, which has come in for some criticism internationally.
(with news agency inputs)