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Carlos Ghosn: Ex-Nissan boss granted bail after months in Japanese jail



The Tokyo District Court said on Tuesday, Ghosn, the former chief of Nissan (19459004), and Renault RNLSY ]) was released on bail of 1 billion yen ($ 9 million) on the condition that he remains in Japan and is prevented from destroying evidence. The prosecution has appealed against the decision and it is uncertain when he can be released.

The auto executive is awaiting a lawsuit in which it has indicted that it underestimated its income and abused its position by transferring personal losses to the Japanese automaker. Ghosn denies all allegations. If found guilty, he could face up to 1

5 years in prison.

Ghosn, one of the most prominent figures in the global auto industry, was arrested by Japanese prosecutors on 19 November. The boss of Nissan, Renault and Mitsubishi Motors, which together form the world's largest automotive alliance.

His imprisonment stunned the industry and weighed on the Alliance, which sells every ninth car in the world and employs more than 450,000 people.

also drew international attention to the Japanese criminal justice system, which allows authorities to detain suspects for long periods in prison.

Ghosn lawyers in France said they filed a report with the United Nations this week claiming violations of his fundamental rights during his long detention under so-called "dehumanizing" conditions.

Ghosn says he's a conspirator

Ghosn has repeatedly tried to get a bail without success. His most recent application was the first one put under a new defense team last month. The terms of the bail granted to him on Tuesday include surveillance cameras and restrictions on the use of computers to limit how much information he can share with other people, according to his new lawyer Junichiro Hironaka.

Ghosn will only be released if the prosecution's appeal against the bail is denied.

  The case of Carlos Ghosn uses Japan's system of hostage justice against hostage taking. under observation

Ghosn claims his spectacular fall was the result of a conspiracy by Nissan's executives against him that was against his plan to deepen the integration of the Japanese company with Renault. [19659005] Analysts have repeatedly speculated that Nissan executives were uncomfortable with Renault and Ghosn seeking complete control of the Japanese company. Renault owns more than 40% of Nissan, while the Japanese automaker holds 15% of its French partner.

On the day of Ghosn's arrest in November, Nissan announced that he had reported the case to Japanese prosecutors after a whistleblower helped expose a serious financial misconduct.

Greg Kelly, a former Nissan boss who was arrested as Ghosn at the same time, was released on bail on Christmas Day in Tokyo. He was charged with undercutting Ghosn's income, but not in connection with the transfer of personal investment losses to the company.

A Nissan spokesman on Tuesday refused to comment on the court's decision to grant Ghosn a bail.

Nissan's own investigation by Nissan's former chairman and CEO has "revealed significant evidence of apparently unethical behavior," the spokesman said, adding that "further discoveries related to Ghosn's wrongdoing are still occurring."

Yoko Wakatsuki and Sandhi Sidhu contributed to this report.


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