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Japanese court grants bail for ex-Nissan chair Ghosn

Staff Writer |
A Japanese court granted bail to ousted Nissan Motor chairman Carlos Ghosn on Tuesday but prosecutors swiftly appealed the decision, delaying an immediate release.

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Judges at the Tokyo District Court accepted defence lawyers' assurances that Ghosn would submit to extensive surveillance and set his bail at $9 million.

Prosecutors, however, are demanding that Ghosn - the architect of Nissan's automaking partnership with France's Renault and one of the global auto industry's most celebrated executives - remain in jail pending his trial.

A release would allow Ghosn to frequently meet his lawyers and build a defence ahead of his trial. He faces charges of aggravated breach of trust and under-reporting his compensation to the tune of $82 million at Nissan for nearly a decade.

If convicted on all the charges, he faces up to a decade in jail. The ex-chairman of Nissan, Renault and Mitsubishi Motors has denied wrongdoing.

As of Tuesday evening, Ghosn's bail had not been paid and it is unlikely he will be released during the day, Japan's Kyodo news agency reported.

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