Former Nissan chairman Ghosn approved of bail after over 100 days in detention

  06 March 2019    Read: 1772
Former Nissan chairman Ghosn approved of bail after over 100 days in detention

Former Nissan Motor Co. Chairman Carlos Ghosn was approved by a Tokyo court on Tuesday to be released on bail after being detained for more than 100 days on charges of financial misconduct, reported referring to Xinhua.

Ghosn could possibly walk out of the Tokyo Detention House on Wednesday after due processes are finished with the bail money paid.

"I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations," Ghosn said in a statement released by his representative in the United States.

The Court granted bail to Ghosn and rejected an appeal against the bail from prosecutors late Tuesday, meaning the former auto tycoon can be released for the first time since his arrest on Nov. 19 last year.

The ousted chairman will be requested to remain in Japan, with limited use of mobile phones and a computer in his lawyer's office during the day, as well as surveillance of a security camera at his residence's entrance.

Ghosn, 64, has legal representation including that from newly-appointed lawyer Junichiro Hironaka who filed the request for bail with the court on Thursday.

It was the third attempt his legal team had requested bail for their client after the first two were rejected by the court.

"I'm glad the court has decided to grant bail. It accepted the strict monitoring conditions that the defence team proposed," Hironaka told a press briefing on Tuesday.

Ghosn, a French citizen born in Brazil, joined Nissan in 1999 and brought the ailing automaker out of its financial difficulties under a capital alliance with Renault. He became Renault's chief executive officer in 2005 but has been stripped of his position amid the scandals.

Mitsubishi Motors joined the Nissan-Renault alliance in 2016. Renault owns a 43.4-per cent stake in Nissan, while Nissan holds a 15-per cent stake in Renault and a 34-per cent stake in Mitsubishi Motors.

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