Former Nissan CEO Released on Bail by Japanese Court

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Former Nissan chief Carlos Ghosn has been offered release on bail by a Japanese court after being detained for close to three months on condition he submit to video surveillance and communications monitoring.

The architect of the Renault-Nissan tie-up, and until his arrest in November one of the global auto industry’s most feted executives, could walk free as early as Tuesday afternoon after his bail was set at 1 billion yen ($8.9 million).

The decision is a win for Ghosn’s recently revamped legal team as they await his trial on charges of aggravated breach of trust and under-reporting his compensation at Nissan for nearly a decade to the tune of $82 million. If convicted on all the charges he faces up to 10 years in jail.

Nissan declined to comment on the decision, which comes a day after the head of Ghosn’s newly appointed legal team said he was optimistic the detained executive could win bail with a promise to submit to surveillance.

Ghosn’s France-based lawyers revealed on Monday they had complained to the United Nations that his rights had been violated during detention in Japan.

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