Japanese court grants bail for Carlos Ghosn, prosecutors appeal

Carlos Ghosn Renault-Nissan

A Japanese court granted bail to former Nissan Motor Chairman Carlos Ghosn on Tuesday.

Prosecutors swiftly appealed the decision upon hearing the news about the bail, delaying an immediate release of Ghosn after more than three months in jail.

Judges at the Tokyo District Court accepted defense lawyers’ assurances that the former chairman would submit to extensive surveillance and set his bail at $9 million, an apparent win for his new legal team on his third bail request.

But prosecutors are demanding that Ghosn should remain in jail pending his trial.

A release would permit Ghosn to frequently meet his lawyers and build a defense. He is dealing with charges of aggravated breach of trust and under-reporting his earnings to the tune of $82 million at Nissan for almost a decade.

If convicted, he may face up to a decade in jail. The ex-chairman of Nissan, Renault and Mitsubishi Motors has rejected all the allegations of wrongdoing.

As of Tuesday evening, Ghosn’s bail had not been paid and it is not likely that he will be released during the day, Japan’s Kyodo news agency reported.

Nissan refused to comment on the bail decision, that comes a day after the head of Ghosn’s new legal team stated he was optimistic the executive would be released.

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