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Home / Business / Carlos Ghosn, former head of Nissan, granted bail in Japan. Once again.

Carlos Ghosn, former head of Nissan, granted bail in Japan. Once again.



A Tokyo district court announced Thursday morning that Ghosn received a bail of 500 million yen ($ 4.5 million).

It is the latest development in a legal saga that has seen the former chairman of Nissan ( NSANF ) and of Renault . RNLSY ) repeatedly arrested and imprisoned twice. Ghosn had already been released on bail at the beginning of March after 108 days in detention.
Ghosn was arrested again in early April for new charges of financial misconduct. The prosecution accuses him of giving Nissan's $ 5 million in a car dealership he controls.

Ghosn called the new arrest "outrageous and arbitrary"

income for years and abused his position by transferring personal investment losses to Nissan.

He denies these allegations, accusing leaders at Nissan of conspiring to take him out of power.

This is an evolving story.


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