TOKYO – A Japanese court granted bail to ousted Nissan Motor Co Ltd chairman Carlos Ghosn on Tuesday more than three months after his arrest for alleged financial crimes, on condition he submit to video surveillance and communications monitoring.
The architect of the Renault-Nissan tie-up, and until his arrest in November one of the global auto industry’s most feted executives, could walk free as early as Tuesday afternoon after his bail was set at 1 billion yen ($8.9 million).
The decision is a win for Ghosn’s recently revamped legal team as they await his trial on charges of aggravated breach of trust and under-reporting his compensation at Nissan for nearly a decade to the tune of $82 million. If convicted on all the charges he faces up to 10 years in jail.
