Published

Ghosn Offers to Be Monitored, Guarded in Exchange for Bail

Former Nissan Motor Co. Chairman Carlos Ghosn has offered to surrender his passport, wear an electronic monitor, reside in a guarded apartment and post his Nissan shares as collateral in a new bid to win bail.
#electronics

Share

Former Nissan Motor Co. Chairman Carlos Ghosn has offered to surrender his passport, wear an electronic monitor, reside in a guarded apartment and post his Nissan shares as collateral in a new bid to win bail.

His previous petition for bail on Jan. 11 was rejected by a Tokyo court that cited Ghosn as a flight risk who might attempt to tamper with evidence. He faces a trial this summer on charges that he understated his Nissan compensation by $82 million and transferred personal currency trading losses to the company. Additional indictments appear likely.

To win bail, Ghosn also is pledging to meet daily with prosecutors and says he is determined to appear in court and defend his innocence.

RELATED CONTENT

  • Mercedes-Benz Sprinter 2500 Passenger Van

    It is hard to describe how large—more precisely, long and spacious—the Sprinter Passenger Van is in a meaningful way.

  • Ford GT Display Development

    As you are unlikely to ever be in one of these: (and I’m not implying my odds for getting there are much better), you’re unlikely to ever see this, the 10-inch wide all-digital display in the Ford GT: Speaking to the development of TFT LCD display, Jamal Hameedi, chief engineer, Ford Performance, said, “Driver focus and attention are key with such high performance.

  • 2019 Volvo XC40 T5 AWD Momentum and R-Design

    Back in 2004, Volvo introduced a concept vehicle, called “Your Concept Vehicle,” in which case the pronoun essentially referred to women because as the company pointed out, the YCC was “the first car designed and developed almost exclusively by women.” Some would say that Volvo was ahead of its time—way ahead—with this idea.

Gardner Business Media - Strategic Business Solutions