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Carlos Ghosn released from Tokyo prison on $9 mln bail

Currently, Ghosn is obliged to stay in his Tokyo apartment until the court hearing, where he is forbidden to use smartphones and communicate with people related to Nissan

Carlos Ghosn Andrei Kholmov/TASS

Carlos Ghosn

© Andrei Kholmov/TASS

TOKYO, March 6. /TASS/. Former CEO of Renault - Nissan - Mitsubishi French-Japanese automobile alliance Carlos Ghosn was released on Wednesday from Tokyo District Prison on bail of 1 bln yen (around $9 mln), according to Tokyo District Court.

Accused of financial fraud, Ghosn is now obliged to stay in his Tokyo apartment until the court hearing. He is forbidden to use smartphones and communicate with people related to Nissan. He will only have access to a computer in his attorney’s office.

At the same time, Ghosn may, on separate court permits, attend meetings of the board of directors of Nissan, of which he remains a member. He is expected to be removed from this position in April.

Carlos Ghosn and former Nissan executive director Greg Kelly were arrested on November 19, 2018 on suspicion of violating Japan's financial law. The charge was that Ghosn with Kelly’s assistance under-reported the true amount of his bonuses as Nissan’s board director between 2010 and 2015.

Investigators suggest that Ghosn did not properly declare 9 bln yen (more than $80 mln). Kelly was released on bail at the end of last year, while Ghosn remained in custody despite the numerous requests of his lawyers.

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