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Ghosn: Tokyo court grants $4.5m bail to former Nissan boss Nissan's ex-boss Ghosn leaves Tokyo jail on $4.5m bail
(about 8 hours later)
A Tokyo court has granted former Nissan boss Carlos Ghosn bail set at 500 million yen ($4.5m; £3.5m), paving the way for his release from custody. Former Nissan boss Carlos Ghosn has left his Tokyo jail, with conditions attached.
He faces four charges in Japan over allegations of financial misconduct. Earlier, a court set bail at 500 million yen ($4.5m; £3.5m), paving the way for this latest release.
It will be the second time Mr Ghosn, who denies any wrongdoing, has been released on bail. Mr Ghosn faces four charges in Japan over allegations of financial misconduct, which he denies. It is the second time he has been bailed.
The 65-year-old was initially freed last month, then re-arrested on 4 April on a fresh charge.The 65-year-old was initially freed last month, then re-arrested on 4 April on a fresh charge.
Prosecutors appealed the court's decision to grant bail, but Japan's public broadcaster NHK said he could be released "as early as Thursday". His lawyer says the court's bail conditions include banning Mr Ghosn from meeting or communicating with his wife without prior permission and having his other movements and communications closely monitored and restricted.
Mr Ghosn's lawyers applied for bail on Monday after he was charged with aggravated breach of trust. Later on Thursday, Mr Ghosn released a statement: "I am grateful that bail has been granted and thankful for my family and supporters in Japan and around the world who fought for my release.
"I maintain my innocence and am committed to vigorously defending myself against these meritless and unsubstantiated accusations. I hope to be given a fair trial where the truth will come to light and I will be fully vindicated."
Charges
Prosecutors had appealed against the court's decision to grant bail, which Mr Ghosn's lawyers applied for Monday after he was charged with aggravated breach of trust.
That indictment relates to allegations that the auto boss made a multi-million-dollar payment to a Nissan distributor in Oman, and that as much as $5m was funnelled to an account controlled by Mr Ghosn.That indictment relates to allegations that the auto boss made a multi-million-dollar payment to a Nissan distributor in Oman, and that as much as $5m was funnelled to an account controlled by Mr Ghosn.
He had previously been charged over allegations he under-reported his salary and sought to shift personal losses to Nissan.He had previously been charged over allegations he under-reported his salary and sought to shift personal losses to Nissan.
No details on the conditions of his bail were immediately given, but his movements and access to communications are expected to be limited.
As part of his previous bail conditions, a 24-hour surveillance camera had to be installed at the entrance of his court-approved permanent residence.As part of his previous bail conditions, a 24-hour surveillance camera had to be installed at the entrance of his court-approved permanent residence.
He was restricted to using a sole computer, in his lawyer's office, and one mobile phone.He was restricted to using a sole computer, in his lawyer's office, and one mobile phone.
Mr Ghosn was first arrested in November and spent 108 days in custody. He was released after posting $9m bail.Mr Ghosn was first arrested in November and spent 108 days in custody. He was released after posting $9m bail.
The fall from grace for the industry titan has attracted global attention. The case has also put a spotlight on fighting within the carmaker alliance and on Japan's legal system.The fall from grace for the industry titan has attracted global attention. The case has also put a spotlight on fighting within the carmaker alliance and on Japan's legal system.
Mr Ghosn was the architect of the alliance formed between Japan's Nissan and French carmaker Renault, and brought Mitsubishi on board in 2016.Mr Ghosn was the architect of the alliance formed between Japan's Nissan and French carmaker Renault, and brought Mitsubishi on board in 2016.
He is credited with turning around the fortunes of Nissan and Renault over several years.He is credited with turning around the fortunes of Nissan and Renault over several years.
Earlier this month Mr Ghosn said the allegations were a plot and conspiracy against him, accusing Nissan executives of "backstabbing".Earlier this month Mr Ghosn said the allegations were a plot and conspiracy against him, accusing Nissan executives of "backstabbing".