the new charges permitted an additional 10–20 days of incarceration prior to a bail hearing. Subsequent reporting linked this charge to Ghosn's dealings with Sheikh Khaled al-Juffali, the vice chairman of one of Saudi Arabia's largest conglomerates and majority owner of a company which owns half of a regional joint venture called Nissan Gulf, with the other half held by a wholly owned Nissan subsidiary. In return for a personal letter of credit from Juffali to Ghosn during the 2008 crisis, which served as bank-demanded collateral for Ghosn's swap contract, Nissan indirectly paid $14.7 million from an internal discretionary fund known as the "CEO Reserve" to a wholly owned Juffali company in four installments between 2009 and 2012, although the internal documentation did not specify the ultimate recipient. According to Tokyo prosecutors, Kelly was not involved in this transaction and so was released on bail on 25 December. Ghosn made his first public appearance after his arrest at an arraignment on Tuesday, 8 January 2019, where he asserted his innocence, making a statement in response to the main allegations against him; however, his bid to be released from prison on these charges was rejected. Ghosn's imprisonment was set to end on 11 January 2019. That day, Ghosn was indicted on two additional charges: aggravated breach of trust and understating his income, once again extending his imprisonment. As a result, he could remain in jail for months more before a trial would take place. Two days later, Nissan's investigation allegedly found that, in addition to the underreporting of salary already charged, Ghosn had paid himself an undisclosed $8 million in 2018 from a Netherlands-based joint venture owned by Nissan and Mitsubishi that was set up in 2017, without the knowledge of either company's directors because Ghosn had the sole authority to dispense cash from the venture. Ghosn again appealed the denial of bail from 8 January 2019 and offered to meet greater restrictions and higher guarantees of appearance in return for his release, including wearing an ankle bracelet and posting his Nissan stock as collateral. Additionally, on 14 January 2019 Ghosn's wife Carole published a letter that she wrote to Human Rights Watch protesting against his treatment in detainment. Nevertheless, on 21 January 2019, the Tokyo district court again denied bail. The Japanese term hitojichi shihō ("hostage justice") has been brought up in some media reports. Takashi Takano, one of Ghosn's