Former Nissan boss Ghosn secures bail after three-month-long detention

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Former Nissan boss Ghosn secures bail after three-month-long detention

On Tuesday, the 5th of March 2019, a Japanese court had refused a last-minute appeal of a bunch of antagonistic prosecutors to keep the former Nissan boss and Nissan-Renault-Mitsubishi Chair, Carlos Ghosn in detention, releasing a legal ruling that the high-profile executive could be released on a $8.9 million bail after passing more than hundred days in a prison in Tokyo alongside other detainees with serious criminal charges.

The Tokyo district court, which had granted a bail earlier on Tuesday, said that it had rejected an appeal by a bunch of prosecutors who had been seeking to keep him in detention by pending his trial for financial misconducts including personal use of company fund and under-stating personal earnings.

The decision came as morale victory for Ghosn’s new legal team, brought in last month, headed by a lawyer, who is widely known as “the Razor” for his success in seven high-profile cases, and the former Nissan boss and Renault CEO could be released as early as Wednesday (March 6th) morning.

The release would also allow Carlos Ghosn to meet his lawyers more frequently and to set up a defense ahead of his trial. Ghosn had been facing charges of aggravated breach of trust, alongside under-stating his earnings for nearly a decade.

Following the ruling of his release, Ghosn said in a statement, “I am extremely grateful for my family and friends who have stood by me throughout this terrible ordeal. I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations”.