Carlos Ghosn Released On $4.5 Million Bail, But He’s Not Allowed To See His Wife

BY Michael Karkafiris | Posted on

Former Renault and Nissan Chairman Carlos Ghosn was released from jail for a second time, after a Tokyo court granted him a 500 million yen ($4.5 million) bail.

The court also set another condition for bail: that Ghosn can’t meet or communicate with his wife Carole without prior permission, according to Reuters. For the record, Ghosn’s wife was questioned after his re-arrest earlier this month and has appealed to the French government to help her husband.

Prosecutors have appealed the bail decision, but if their appeal is rejected, then Ghosn will be released from jail and wait for his trial later this year. Following his release from jail, Ghosn will be closely monitored and not allowed to leave the country.

The latest charges against the former Nissan CEO accuse him of illegally receiving around $5 million from the Japanese car maker for personal use, temporarily transferring personal financial losses to the company’s books and understating his compensation.

This is the second time Ghosn is released from prison on bail, as well as the latest turn from the scandal that exposed the tensions between Renault and Nissan that, apparently, had been going on for quite some time. Nissan is, reportedly, going to reject a management integration proposal from its partner, Renault, which owns a 43.3 percent stake in the Japanese car maker.

Ghosn is denying all charges, claiming that he’s the victim of a coup from Nissan’s board and accusing his former colleagues of “backstabbing”.

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