Ousted Nissan boss Ghosn granted $4.5-million bail, with curbs on contacting wife

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Ousted Nissan boss Ghosn granted $4.5-million bail, with curbs on contacting wife GlobeBusiness

Former Nissan Chairman Carlos Ghosn was set to walk out of a Japanese jail for a second time since his arrest last year on financial misconduct charges, after posting $4.5-million bailA Tokyo court set a new condition for bail that Ghosn cannot meet or otherwise communicate with his wife Carole without prior permission, according to his defence lawyer. Carole was questioned following Ghosn’s re-arrest earlier this month on aggravated breach of trust charges.

Ghosn has been charged with enriching himself at a cost of $5 million to Nissan, temporarily transferring personal financial losses to his employer’s books and understating his salary during his time at the helm of Japan’s No. 2 automaker.The court said in a statement that it had approved a bail request from Ghosn’s defence team and set bail at 500 million yen , roughly half his previous bail of 1 billion yen.

 

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