Nissan Ex-chair Ghosn's Release On Bail Approved By Court

TOKYO (AP) — A Japanese court approved on Thursday the release of detained Nissan ex-chair Carlos Ghosn on 500 million yen, or $4.5 million, bail. Prosecutors can appeal the decision by the Tokyo District Court, while his lawyers will be pushing for his release. Ghosn was arrested in November, released on bail in March but re-arrested in April on new allegations and taken to the Tokyo Detention House. He has been charged with under-reporting his post-retirement compensation and breach of trust in diverting Nissan money and allegedly having it shoulder his personal investment losses. Ghosn, 65, a Brazilian-born Frenchman of Lebanese ancestry, says he is innocent.Read more on NewsOK.com

 

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