Ghosn’s 3rd bail request approved

Ex-Nissan chairman Ghosn asks for bail, promises not to flee
In this March 23, 2016, file photo, Carlos Ghosn, the Chairman and CEO of both Nissan and Renault, speaks at the New York International Auto Show in New York. Ghosn asked for his release on bail Monday, Jan. 21, 2019, from a two-month detention in Japan, promising he will report to prosecutors daily and wear an electronic monitoring ankle bracelet. (AP Photo/Mark Lennihan, File)

TOKYO, Japan (The Yomiuri Shimbun/ANN) – The Tokyo District Court on Tuesday approved the release on bail of Carlos Ghosn, the former Nissan Motor Co. chairman.

Bail was set at ¥1 billion (about $9 million).

Ghosn has been charged with aggravated breach of trust in violation of the Companies Law for allegedly causing damage to Nissan after transferring his personal investment loss to the company.

This third request for release on bail was filed on Feb. 28 by Ghosn’s attorneys.