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Japanese Court Rejects Ghosn’s Latest Plea for Bail
A court in Tokyo has again rejected Carlos Ghosn’s bail request, making it less likely that the former Nissan Motor Co.
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A court in Tokyo has again rejected Carlos Ghosn’s bail request, making it less likely that the former Nissan Motor Co. Chairman will be released from custody before his first trial several months from now.
Ghosn was jailed in Tokyo on Nov. 19, accused of failing to report $43 million in deferred compensation between 2010 and 2014. His detention has been extended since then by new charges.
On Jan. 11 the original charges were expanded to cover his compensation in 2015-2018. He also was charged with improperly transferring millions of dollars in personal investment losses to Nissan.
Ghosn had offered on Sunday to accept “any and all” bail conditions set by the court. He proposed offering his shares in Nissan as collateral, giving up his passport, wearing an electronic tether, living in a guarded apartment in Tokyo rented at his own expense and meeting daily with prosecutors.
His lawyer says Ghosn could remain in custody until at least June. But The Nikkei cites a former senior prosecutor who says pretrial preparations for such a complex case could take a year or more.
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