Economy

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.

More news: Trump partied with founder of massage parlor where Robert Kraft was busted

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.



Like this

loading...
loading...

Latest


09 March 2019
Ohio Democratic Sen. Sherrod Brown Won't Run For President
Senator Sherrod Brown, one of the Democratic Party's progressive stalwarts, has announced he will not run for president in 2020. Elected to the Senate in 2006, Brown has spent much of his career in Washington focused on workers' rights and labor issues.

08 March 2019
DE Bennett expects Eagles to trade him to Pats
Judging by the Patriots' track record with veterans, he'll probably be a productive one too. Michael Bennett could be on the move from the Eagles to the Patriots.

08 March 2019
Browns acquire LB Olivier Vernon in trade with Giants
But running back Saquon Barkley was the league's Offensive Rookie of the Year despite playing behind an inconsistent unit. Browns GM John Dorsey , meanwhile, addressed Cleveland's pass-rush need with defensive end Olivier Vernon.

08 March 2019
World Rugby responds to World League controversy with statement and explainer video
Many players have criticised the new plans including Leinster and Ireland fly-half Johnathan Sexton. World Rugby proposes that they would break the competition into two conferences of 12 teams each.

08 March 2019
White House communications director Bill Shine resigns
Trump's campaign manager, Brad Parscale, said that Shine's addition to the re-election campaign will make the campaign "stronger". Shine had been serving as the fifth White House communications director since Trump initially took office.

08 March 2019
Chelsea Manning Is Jailed After Refusing To Testify About WikiLeaks
In May 2018, Manning threatened to commit suicide, sharing to social media a suicide note and photo of a rooftop ledge. During the hearing, the judge would weigh the legality of her refusal to answer questions before the grand jury.

08 March 2019
Motorola may reboot its vintage flip phone in 2019
Meanwhile, the external display will work as a trackpad for scrolling apps and lists on the primary display when that's unfolded. That's plenty of information to get us excited about the future of Razr phones and we can't wait for an official announcement.

08 March 2019
Airwolf star Jan-Michael Vincent dies aged 74
In 2012, Vincent cheated death in 2012 after suffering from an infection that required his right leg to be amputated. He appeared in numerous films and television shows, including the 1978 Burt Reynolds film " Hooper ".

08 March 2019
Amazon coming in big with new grocery store concept
The Journal noted that the launch of the new grocery stores coincides with a rocky period for the traditional grocery market. If these stores move forward, the article states that Amazon is not looking to directly compete with Whole Foods grocers.

08 March 2019
First all-female spacewalk planned
On March 29, the world will witness two Nasa Astronauts namely Christina Koch and Anne McClain undertake a spectacular spacewalk. Schedules and assignments for EVA missions can change, but it will be a spacewalk for the history books if all goes as planned.