Tokyo court on Wednesday rejected a request for the release of Renault chairman and former president Carlos Ghosn in an expected decision, the day after his first appearance in court.
On Tuesday, the lawyers of the car-maker filed a request for Ghosn's release, but the judge spoke of the risk of fleeing abroad and tampering with evidence.
The Tokyo court said in a brief statement that "the request to cancel the detention was rejected on 9 January."
Carlos Ghosn was arrested on November 19 on suspicion of not reporting his full income between 2010 and 2015. He was indicted on 10 December for concealing part of his income from financial authorities.
According to the Public Prosecution, Carlos Ghosn tried to make the Nissan Group cover "personal investment losses" during the financial crisis of October 2008. The amount in question is 1.85 billion yen (14.5 million euros).