May 23, 2019
Latest News

Former Nissan boss Carlos Ghosn released on bail again

Tokyo, Apr 25 (EFE).- Former Nissan Motor president Carlos Ghosn was released on bail in Tokyo on Thursday after three weeks under police custody amid an ongoing investigation into allegations of fraud and misuse of company funds.

Wearing a dark suit and white shirt without a tie and accompanied by at least one member of his legal team, the 65-year-old former Renault boss left detention at around 10:20 pm three weeks after he was remanded in custody following fresh allegations that he had siphoned off company cash to the tune of $5 million.

The court set bail at Yen500 million ($4.5 million), which was paid by his lawyers after the prosecution's bid to have him remain in custody was dismissed.

Ghosn, who is French and also has Brazilian and Lebanese nationalities, had already spent 108 days in detention before his latest stint, starting from Nov. 19, for separate charges relating to under-reporting his salary and offsetting personal losses to Nissan.

He was released in March but soon re-arrested when the more serious allegations arose.

Upon his departure, Ghosn boarded a black truck and drove away from the building, in front of dozens of journalists who were waiting for hours outside the door of the detention center in Tokyo.

On his previous release, he tried to disguise himself as a worker to confuse the waiting press.

According to the judiciary, Ghosn's bail was set with strict stipulation and he is unable to leave the country.

Japanese media also reported he had restrictions on visiting his wife, Carole, of joint US-Lebanese nationality, unless he informs the court when and where he intends to do so.

Ghosn was reportedly questioned by prosecutors for several hours a day without any of his lawyers being present, which is not unusual in Japan.

He consistently denies all charges.

On Apr. 9, a video of Ghosn was released in which he called the judicial process against him a "conspiracy."

"This is about a plot. This is about conspiracies. This is about backstabbing," he said.

Carole Ghosn has been cited by Japanese media as one of the people who could have benefited from certain irregular financial operations attributed to Ghosn by the Tokyo prosecutor's office.

There are four formal accusations facing Ghosn overall, all relating to alleged irregularities from his time as head of Japanese carmaker Nissan.

The most recent allegation is that he illegally moved $5million to a firm in Oman supposedly managed by his wife. The funds were allegedly used to buy a luxury yacht for his family.

Ghosn's rise to CEO of Nissan was notable as he became one of the most influential non-Japanese business leaders in the country. EFE

yk-ag/jt/rb

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