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Carlos Ghosn awaits release, Nissan CEO says business will not be affected

6 March 2019

On Wednesday, Former Nissan Motor Co Chairman Carlos Ghosn was set to be released on an $8.9 million bail. The court granted bail to Ghosn after his lawyers assured the court that he would remain in Tokyo, surrender his passport to his lawyer and submit to extensive surveillance.

Ghosn was expected to leave the Tokyo Detention House after a court late on Tuesday rejected a last-minute attempt by prosecutors to keep him in prison since his Nov. 19 arrest. Ghosn faces charges of aggravated breach of trust and under-reporting his compensation to the tune of $82 million at Nissan for nearly a decade. CEO of Nissan Motors told reporters the release was expected and would not effect business.