Former Nissan Motor chairman released on bail

Former Nissan Motor chairman released on bail”

He also expressed hope that the release on bail of the former chairman of Nissan Motor Co. would serve as a catalyst to abolish Japan's much-criticized "hostage justice" system in which bail is generally granted only to those who admit to crimes.

The 64-year-old has not spoken in public since his release on ¥1 billion ($9 million) bail from the Tokyo Detention House, where he had been held since his arrest on November 19.

The release will allow Ghosn to meet his new legal team frequently and build a defence ahead of trial.

Ghosn's bail was set at one billion yen (nine million US dollars) after a request was filed with the court on Thursday last week by Ghosn's new legal team appointed in February.

The court confirmed on Wednesday that Ghosn had posted the one billion yen bail, among the highest ever in Japan.

A spokeswoman for the Ghosn family said Renault had a sponsorship relationship with the debutantes ball that helped the carmakers' image.

Only after he agreed to install a surveillance camera at his door and not use the internet, and of course not flee Japan, was he able to gain release on bail, after two denials.

Bollore said he personally views the release as "good news" but Renault does not plan to retain Ghosn as a director.

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Nissan, which makes the March subcompact, Leaf electric vehicle and Infiniti luxury models, says its internal probe found Ghosn hid his pay and misused company funds and assets for personal gain. However, he said prosecutors have begun handing over some of their evidence prior to a potential trial.

The company is declining comment on the criminal case against Ghosn.

Jean-Yves Le Borgne, Ghosn's attorney in France, also noted Ghosn has suffered greatly, even if he is eventually exonerated.

Mitsubishi Motors Chief Operating Officer Trevor Mann said after the court approved the bail request for Ghosn that his release would not affect its operations.

The conviction rate in Japan is more than 99 per cent.

But the lawyer said a decision would be made on when and where Ghosn would speak to the media after he obtains the required rest and further discussions are held on what should be said.

Ghosn may have walked free from the Tokyo Detention Centre that was his unwanted home for more than 100 days but there will still be significant restrictions on his movement while he is on bail.

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