Detained former Nissan chairman Carlos Ghosn is expected to be released soon as he pays $4.5M in bail
In this file photo, former Nissan Motor Chairman Carlos Ghosn sits inside a car as he leaves his lawyer's office after being released on bail from Tokyo Detention House, in Tokyo, Japan, March 6, 2019.
Bail will enable the former titan of the global auto industry to better prepare for his criminal trial expected later this year, when he will fight his latest charge of aggravated breach of trust along with three other accusations of financial misdoing during his time at the helm of Japan's No. 2 automaker.
The Tokyo District Court said in a statement that it had approved a bail request from Ghosn's defence team and set bail at 500 million yen , roughly half his previous bail of 1 billion yen. The court's decision marks the second time Ghosn has made bail and is the latest turn in a scandal which has rocked the global auto industry and exposed tensions in the automaking partnership between Nissan and France's Renault SA.
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