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Carlos Ghosn set to walk free after posting second bail

Video Credit: Reuters Studio - Duration: 01:25s - Published < > Embed
Carlos Ghosn set to walk free after posting second bail

Carlos Ghosn set to walk free after posting second bail

Former Nissan Chairman Carlos Ghosn is set to walk out of a Japanese detention center for a second time since his arrest last year on financial misconduct charges, after posting the $4.5 million bail set by a Tokyo court.

Ed Giles reports.

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Carlos Ghosn set to walk free after posting second bail

Carlos Ghosn is set to walk out of a Japanese detention center for a second time after fronting the 4.5 million dollar bail set by a Japanese court on Thursday (April 25).

The former Nissan chairman was arrested on financial misconduct charges last November.

Ghosn then spent more than 100 days in detention, was let out on bail the first time in March, and then re-arrested on new charges earlier this month.

The bail conditions mean Ghosn will not be able to leave Japan and the court said his movements and communications will be monitored.

But this week's release will allow him to better prepare for a criminal trial expected later this year.

There, he'll have to fight his latest charge of aggravated breach of trust along with three other accusations of financial misdoing during his time at Nissan.

Those include understating his income and temporarily transferring personal financial losses onto the company's books.

Ghosn's denied all of the charges against him.

He's said he was the victim of a boardroom coup, accusing former colleagues at Nissan of "backstabbing" amid a scandal that's revealed tensions within the alliance between Japan's Nissan and French automaker Renault.

Earlier this week, Nissan also slashed its full-year profit forecast to its lowest level in a decade, saying weak sales in the U.S. meant operating profits to March were expected to drop by 45 percent.




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