Ghosn Asserts Innocence Ahead Of Expected Release

Ghosn asserts innocence ahead of expected release

Nissan Motor's former Chairman Carlos Ghosn has insisted on his innocence in a statement issued after a Tokyo court decided to grant bail to him.

The Tuesday decision by the Tokyo District Court means that Ghosn could be released for the first time in more than 100 days if he posts bail.

Ghosn issued the statement through his family's lawyer. He said he is extremely grateful for his family and friends who have stood by him throughout what he called "this terrible ordeal."

He said he is also grateful to the NGOs and human rights activists in Japan and around the world who fight for the cause of presumption of innocence and a fair trial.

He said he is innocent and totally committed to vigorously defending himself in a fair trial against what he called "meritless and unsubstantiated accusations."

Ghosn was first arrested last November. He has been indicted for underreporting his executive compensation and aggravated breach of trust for inappropriately shifting Nissan's funds.

French Justice Minister Nicole Belloubet welcomed the court's decision to grant bail to Ghosn. She said what is important is to give a fair trial to the former chairman.

Meanwhile, Renault Chairman Jean-Dominique Senard said the release of Ghosn would have no impact on the Renault-Nissan alliance.