Japan Court Grants $4.5 Mn Bail to Nissan Ex-Chair Carlos Ghosn

A Japanese court has approved the release of detained Nissan ex-chairman Carlos Ghosn on a 500 million yen, or $4.5 million, bail.

Prosecutors can appeal the decision made on Thursday, 25 April by the Tokyo District Court. His lawyers can also push for his release.

Ghosn was arrested in November, released on bail in March but re-arrested in April on new allegations and taken to Tokyo Detention Center.

Ghosn has been charged with falsifying financial documents in under-reporting post-retirement compensation and breach of trust in diverting Nissan money and having it shoulder his personal investment losses.

Ghosn says he is innocent.

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