Apr 25, 2019

Ghosn: Tokyo court grants $4.5m bail to former Nissan boss

A Tokyo court has granted former Nissan boss Carlos Ghosn bail set at 500 million yen, paving the way for his release from custody. His lawyers applied for bail on Monday after Mr Ghosn was charged with aggravated breach of trust. That indictment relates to allegations that the auto boss made a multi-million-dollar payment to a Nissan distributor in Oman, and that as much as $5m was funnelled to an account controlled by Mr Ghosn. Mr Ghosn was the architect of the alliance formed between Japan's Nissan and French carmaker Renault, and brought Mitsubishi on board in 2016. Earlier this month Mr Ghosn said the allegations were a plot and conspiracy against him, accusing Nissan executives of "Backstabbing".

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