Ousted Nissan boss Carlos Ghosn left the Tokyo jail on a $9 million bail this morning, vowing to mount a defense against financial misconduct charges including under-reporting his compensation that he has called “meritless.”
Ousted Nissan Motor boss Carlos Ghosn left prison on a $9 million bail on Wednesday, slipping past a throng of reporters in a blue cap and surgical mask, after vowing to mount a defence against financial misconduct charges that he has called"meritless."
Ghosn paid the 1 billion yen bail, among the highest ever in Japan, after the Tokyo District Court rejected a last-ditch appeal by prosecutors to keep him in jail. He faces charges of aggravated breach of trust and under-reporting his salary by about $82 million at Nissan for nearly a decade. If convicted on all charges, he faces a maximum jail sentence of 15 years, prosecutors have said.
The release will allow Ghosn - the architect of Nissan's automaking partnership with Renault and Mitsubishi - to meet his new legal team more frequently and build a defence ahead of trial, which could be several months away. The case has cast a harsh light on Japan's criminal justice system, which allows suspects to be detained for long periods and prohibits defence lawyers from being present during interrogations that can last eight hours a day.
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