Date
20 July 2019
Former Nissan Motor chairman Carlos Ghosn is accused of enriching himself at a cost of US$5 million to the company from July 2017 through July 2018. Photo: Bloomberg
Former Nissan Motor chairman Carlos Ghosn is accused of enriching himself at a cost of US$5 million to the company from July 2017 through July 2018. Photo: Bloomberg

Ex-Nissan boss Ghosn allowed to post US$4.5 million bail

Former Nissan Motor chairman Carlos Ghosn looked set to walk out of a Japanese detention center for the second time since his arrest last year on financial misconduct charges, after a Tokyo court on Thursday set his bail at US$4.5 million, Reuters reports.

The Tokyo District Court said in a statement that it had approved a bail request from Ghosn’s defense team and set bail at 500 million yen (US$4.5 million).

Ghosn’s lawyers on Monday filed the bail request after the former executive was indicted for aggravated breach of trust, accused of enriching himself at a cost of US$5 million to Nissan from July 2017 through July 2018.

It will mark the second time he has been released on bail. He was initially released last month, but then re-arrested on April 4 on the new charges, returning to the same Tokyo detention center where he had previously spent 108 days following his first arrest in November. He has denied all the charges against him.

Ghosn will be free to leave the detention center after posting bail, but his movements and communications are likely to be strictly monitored and restricted in line with his previous bail conditions.

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CG

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