On 21 December 2018, Ghosn was re-arrested on suspicion of shifting to Nissan personal losses of US$16.6 million related to a personal swap contract in October 2008 (during the global financial crisis). The introduction of those charges prevented Ghosn's release on bail later the same day, because 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.