Ghosn wins bail in Japan but banned from seeing wife

Daniel Fowler
April 26, 2019

Using foreign corporate entities in 2017 and 2018, Nissan lost $5 million that was funneled into accounts controlled by Ghosn, prosecutors said.

Earlier, Ghosn's wife Carole had appraised Macron of the nature of treatment that her husband faced during his detention in Japan and termed it as shameful, said the report.

A spokesperson for Ghosn said the former Nissan boss was being detained by prosecutors under cruel and unjust conditions, in violation of all human rights, in an effort to coerce a confession from him.

Nissan lowered its profit forecasts for the fiscal year through March for the second time Wednesday, acknowledging the downward revision reflected the fallout from the Ghosn scandal, as well as slowing markets and rising costs in some regions.

In an nearly unprecedented move, a Japanese court yesterday approved a 500 million yen (US$4.5 million) bail for Ghosn to ease his way into temporary and limited freedom. Now in jail following his fourth arrest, Ghosn, who denies wrongdoing, could learn as early as Wednesday whether he will be released on bail for a second time.

His lawyer says the court's bail conditions include banning Mr Ghosn from meeting or communicating with his wife without prior permission and having his other movements and communications closely monitored and restricted.

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After a Tokyo court rejected an appeal by prosecutors against his release, Ghosn left the Tokyo detention center around 10:22 p.m. (1322 GMT), dressed in a dark suit and white shirt with no necktie, a Reuters witness said.

Mr Ghosn was the architect of the alliance formed between Japan's Nissan and French carmaker Renault, and brought Mitsubishi on board in 2016. Bail will enable him to prepare better for his criminal trial expected later this year, where he will fight all three accusations of financial wrongdoing while in charge of Japan's second biggest vehicle maker.

As a condition of Thursday's bail, a Tokyo court stipulated that Ghosn can not meet or otherwise communicate with his wife Carole without prior permission, according to his defense lawyer. The 65-year-old was then rearrested on April 4. Ghosn was released on bail of 1 billion yen on March 6 after more than 100 days in detention.

The pending release will allow Ghosn to return home and work with his lawyers for his trial, which may start later this year or next year.

It was Nissan's second downgrade for its outlook following one in February that cited faltering sales in China and the U.S.

Before his latest arrest, Ghosn recorded a video in which he argued that Nissan executives either signed off on his actions or were conspiring against him because they feared losing their jobs if the company moved closer to Renault.

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