Carlos Ghosn has been released on bail after a Tokyo court rejected a prosecutor's appeal. The embattled former executive has been in detention since early April.
Image: Reuters/I. Kato
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Carlos Ghosn, the former chairman of Nissan Motors, was released on 500 million yen bail (€4.04 million / $4.5 million) on Thursday after the Tokyo District Court rejected a prosecutor's appeal to keep him in detention.
Prosecutors forcefully argued that Ghosn — who is accused of underreporting his pay as well as diverting Nissan funds to his personal bank accounts — could engage in witness and evidence tampering if released.
The former executive posted his bail. He will be barred from leaving the country and will be subjected to surveillance. Ghosn is reportedly also required to give advance notice of all contact with his wife, Carole, who Japanese media reported had been in contact with persons involved in the allegations against her husband.
Ghosn led Nissan for almost 20 years and is credited with orchestrating the company's alliance with French carmaker Renault and the smaller Japanese manufacturer Mitsubishi.
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