Nissan ex-chairman Ghosn pays $4.5 million bailChristian Fernsby ▼ |
Asia Carlos Ghosn
Ex Nissan Motor chairman Carlos Ghosn was granted bail for the second time on Thursday by the Tokyo District Court, partly because it determined there was no risk of evidence tampering, legal experts have said.
Thursday’s bail was set at ¥500 million. As soon as the payment is confirmed and if the court overrules objections expected to be filed by prosecutors, Ghosn could be set for release as early as Thursday, according to local media reports.
Ghosn was indicted Monday on a charge of misappropriating the company’s money for personal use, for which he had already been rearrested earlier this month while on bail.
Specifically, he is accused of expropriating a Nissan subsidiary’s payments to a distributor in Oman. Prosecutors claim part of the money, about ¥560 million, had been sent to Good Faith Investments, a Lebanese firm he effectively controlled, for his own interest. ■
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