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TEHRAN, Mar 05 -A Japanese court granted bail to ousted Nissan Motor Co Ltd chairman Carlos Ghosn on Tuesday more than three months after his arrest for alleged financial crimes, on condition he submit to video monitoring and stay in Japan.
TEHRAN, Young Journalists Club (YJC) -Prosecutors appealed against the decision and demanded the architect of the Renault-Nissan automaking partnership, and until his arrest in November one of the global auto industry’s most feted executives, remain in jail pending his trial.
Judges at the Tokyo District Court earlier accepted defense lawyers’ assurances that Ghosn would submit to extensive surveillance and set his bail at 1 billion yen ($8.9 million), a win for his new legal team on his third bail request.
Ghosn’s release would allow him to meet more frequently with his lawyers and build his defense ahead of his trial in the coming months, on charges of aggravated breach of trust and under-reporting his compensation at Nissan for nearly a decade to the tune of $82 million.
Source: Reuters
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