Tokyo court approves ex-Nissan chief Carlos Ghosn's $4.5m bail

Tokyo court approves ex-Nissan chief Carlos Ghosn's $4.5m bail

The bail request was filed by Ghosn's lawyers on Monday, according to Reuters.

Carlos Ghosn walked out of a Tokyo detention center April 25 after winning release on bail for the second time, giving the deposed auto titan a chance to prepare his defense against charges of funneling millions of dollars from Nissan Motor Co. through an intermediary for his own purposes.

Hironaka said he had expected the restrictions because bail conditions generally prohibit contact with people linked to the case.

Last time he left the detention centre in northern Tokyo, he was dressed in a cap, face mask and workman's uniform in an apparent attempt to evade dozens of journalists from around the world hoping to snap a picture of the fallen tycoon.

He also reasserted his innocence and his commitment to vigorously defend himself against "these meritless and unsubstantiated accusations". 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 auto maker.

For his earlier release, his defence team offered special conditions such as installing a surveillance camera at the entrance to a specified residence for the former star executive and promising to use a cellphone and the internet only under certain conditions. He was released after posting $9m bail. Ghosn was still easily recognizable, and the "disguise" provoked widespread amusement and commentary. His latest arrest prompted outrage, as re-arresting someone who cleared bail conditions is rare, even in Japan.

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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.

The emails indicate growing concern at high levels of the Japanese government, in the months before Ghosn's arrest, that his merger efforts would boost Renault and its largest shareholder, the French government, and harm Nissan, in a relationship the Japanese already saw as lopsided.

Renault, which owns 43 per cent of Nissan, fell as much as 5.5 per cent in Paris, its biggest intra-day drop of the year.

Ghosn wordlessly got in a waiting black Toyota van as a large press group numbering more than a hundred observed him, moving the next stage of his battle with prosecutors to the courtroom after possibly months of preparations.

"Restricting communications and contact between my wife and me is cruel and unnecessary", Ghosn said in the statement.

Earlier this month Ghosn claimed in a video address he was the victim of "a plot, conspiracy and back-stabbing" within Nissan. The allegations against him involve payments to a Saudi dealership, as well as funds paid to an Oman business that purportedly were diverted to entities run by Ghosn.

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