Tokyo Court Grants Carlos Ghosn Bail

Tokyo court grants Carlos Ghosn bail

The Tokyo District Court has granted bail to former Nissan chairman Carlos Ghosn. The 65-year-old was detained for a second time earlier this month. Prosecutors then charged him with aggravated breach of trust.

The court has set Ghosn's bail at about 4.5 million dollars.

The latest indictment alleges that Ghosn funneled money to a Nissan dealership in Oman in 2017 and 2018. Prosecutors say Nissan lost about 5 million dollars as a result.

Ghosn spent 108 days in a detention center in Tokyo after his first arrest last November. He was released last month on bail of about 9 million dollars but was rearrested earlier this month.
The terms of his first bail included having a monitoring camera in his residence, and limiting his use of computers and cell phones. It is likely the defense team proposed additional measures to prevent the destruction of evidence.

Prosecutors are expected to appeal on the grounds that Ghosn might coordinate his story with his family. Companies that are in his wife and son's names were involved in the case.

If the court rejects that appeal and Ghosn pays the bail, he could be free as early as later Thursday.