1.)Why is Ghosn's arrest drawing global attention?

2.)Why is this being labeled a "palace coup"?

3.)Using internet research, summarize the events that have taken place in this case since April 2019.

>> CARLOS GHOSN The Asahi Shimbun/Getty Images When the Nissan Gulfstream G650 corporate jet landed at Haneda airport in Japan on November 19, 2018, Carlos Ghosn (rhymes with "lone"), the charismatic chief executive of the combined Renault-Nissan alliance, was anticipating a hectic week of high-level meetings. Instead, he was met by a team of special prosecutors from Japan's Special Investigations Unit, who arrested him for violating Japanese financial law. Ghosn was indicted for a wide range of financial misconduct that amounted to treating Nissan as a personal piggy bank. Specific charges included deferring up to $80 million in compensation to his retirement account and, in a charge dating back to 2008, temporarily moving personal trading losses onto Nissan's books. With each charge carrying a decade-long prison term, in a system renowned for a near-100 percent conviction rate, the prospects for the 64-year-old global chief executive did not look good. To add insult to injury, Ghosn was detained in the Tokyo Detention House for a total of 108 days, while his alleged co-conspirator and Nissan Board member, American lawyer Greg Kelly, was released on bail. The stereotypical scenario for a senior executive caught in a financial scandal is an earnest statement of shock that this could have happened under his or her watch, and a shared disappointment that former trusted associates could have steered the ship so far off course. The senior executive, meanwhile, would resign for the good of the company and ride off into the sunset with a large compensation package, usually negotiated by lawyers before he or she had even taken the position that is now, regrettably, being left behind. For Ghosn, the situation was very different. After rising to prominence as a legendary cost-cutter, trimming $3 billion from Renault's books, he quickly became the face of the Renault-Nissan alliance in 1999, leading the companies into other mergers and alliances with AvtoVAZ, Russia's largest carmaker, in 2007, Germany's Daimler in 2010, China's Dongfeng in 2013, Mitsubishi in 2016, and Brilliance China Automotive Holdings in December 2017. Not only was Ghosn the first chief executive to oversee two major car companies at the same time (Renault and Nissan in 2005), he was also widely respected around the globe as the most fervent believer that the bigger-is-better model was the key to success in the 21st century.A Palace Coup Within three days of his arrest, Nissan's board voted unanimously to oust its world-famous chairman. Ghosn was to remain in the Tokyo Detention House until March 6, 2019, when, after multiple applications for bail and the submission of a posted bond of 1 billion yen ($9 million) he was allowed to start planning his defense under close Japanese supervision. During his incarceration, further details of the charges against him were made public, including claims that Ghosn had under-reported his income by up to $51 million over a 5-year period from 2011, and that he had committed a breach of trust by making payments, from a pool of money that only he had access to, to Saudi Arabian business partner and Renault distributor Khaled Juffali. It was also revealed that Nissan's CEO, Hiroto Saikawa, who was a protege of Ghosn's but had opposed him on the most recent merger with Mitsubishi, had assisted prosecutors in engineering Ghosn's arrest. Saikawa was the first to make a public statement, dismissing much of Ghosn's role in the turnaround at Nissan, and labeling his "concentrated power" at the company "a negative aspect of the long regime." The label of a "palace coup" was soon attached to Ghosn's predicament. Renault, where Ghosn served as chairman and CEO, had rescued Nissan from bankruptcy as part of the original merger (which Ghosn led). Renault has announced that it has found no evidence of wrongdoing, but took the precautionary step of suspending him from both offices in January 2019. The Power to Move Markets The extent of Ghosn's fall from grace should not be underestimated. He is a French-Lebanese- Brazilian businessman, but still came seventh in a Japanese poll that asked who should run the country. He was also featured as a hero in a series of manga comics. It is a testament to Ghosn's status and influence in Asia that his second lawyer (he fired his first legal team while still incarcerated) made a point of warning Japanese officials that the Ghosn case could "jeopardize investor confidence in Asia's second-largest economy." On April 4, 2019, Ghosn was re-arrested while out on bail. The re-arrest, which Ghosn claimed in a statement was "outrageous and arbitrary,"came in response to suspicions that his conduct had caused Nissan $5 million in losses and had used those funds for personal use. Prosecutors later clarified that the arrest related to transfers of Nissan funds totaling $15 million between 2015 and 2018, with $5 million of that going to Ghosn for "personal expenditure." After initially issuing statements of support for Ghosn, Renault added to the severity of his case by accusing him of "violations of the group's ethical principles," and announcing that it would stop his pension (estimated to be worth $765,000 a year) and reserving the right to bring further legal action against him in the courts