TOKYO: A Japanese court on Tuesday rejected the latest attempt by prosecutors to keep former Nissan Motor Chairman Carlos Ghosn in prison, ruling that the once-feted executive could be released on US$8.9 million bail after more than 100 days in detention.
The release would allow Ghosn - the architect of Nissan's automaking partnership with France's Renault and one of the global auto industry's most celebrated executives - to meet his lawyers frequently and build a defense ahead of his trial. He faces charges of aggravated breach of trust and under-reporting his compensation to the tune of US$82 million at Nissan for nearly a decade.
Nissan has declined to comment on the bail decision, which comes a day after the head of Ghosn's new legal team said he was optimistic the executive would be released with a promise to submit to surveillance.The case has cast a harsh light globally on Japan's criminal justice system, which allows suspects to be detained for long periods and prohibits defense lawyers from being present during interrogations that can last eight hours a day.
Source: Car News Wire (carnewswire.net)
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