Ghosn Released On Bail Again

Ghosn released on bail again

Former Nissan Motor chairman Carlos Ghosn has been released on bail from a Japanese detention facility for a second time.

The Tokyo District Court on Thursday morning approved a request filed by Ghosn's defense team for his bail. The court also rejected prosecutors' appeal against his bail later in the day.

Ghosn posted bail of 500 million yen, or roughly 4.5 million dollars. He left the Tokyo Detention House in a van on Thursday night, wearing a black suit and white shirt. He was clad in workman's attire the last time he was released in March.

Ghosn had been detained since Tokyo prosecutors arrested him on April 4 on suspicion of aggravated breach of trust. They indicted him on Monday on the same charges.

Prosecutors allege that Ghosn directed part of Nissan's funds to a dealership in Oman and channeled some of the money to a shell company in Lebanon he controls. They add that Ghosn used the money for his personal use, causing Nissan to lose about 5 million dollars.

Sources say prosecutors strongly objected to Ghosn's release on the grounds that he may have tried to destroy evidence in coordination with his wife, Carole Ghosn, and others. Prosecutors say a company headed by her and another firm led by their son were also involved in the misappropriation case.

But the court is believed to have decided that Carlos Ghosn is unlikely to destroy evidence as terms for his bail this time include restrictions on him contacting his wife. The court is also thought to have considered possible implications of his prolonged detention for his future trial.

Ghosn had been in detention for 108 days since he was first arrested last November. He was freed on March 6 after posting bail of around 9 million dollars.

Ghosn's agent issued a statement on Monday, saying the latest indictment is a conspiracy by particular Nissan officials.