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Ex-Nissan chief Carlos Ghosn was granted bail in Japan. Again.

April 25, 2019 Business 0 Views A district court in Tokyo announced Thursday morning that Ghosn was granted the $ 500 million bail ($ 4.5 million). It is the latest development in a legal story that has seen the former chairman Nissan ( NSANF ) and Renault ( RNLSY ) was arrested several times and imprisoned twice. Ghosn had previously been released on bail in early March after spending 108 days in storage. Ghosn was arrested in early April for new charges of economic maladministration. Prosecutor accuses him of obtaining $ 5 million of Nissan's money for a car dealer he controlled. Ghosn called the restoration "outrageous and arbitrary." The deposited auto titan also waits for trials on separate charges which he underestimated his income for years and abused his position by transferring personal investment losses to Nissan. He denies these accusations and has accused Nissan bosses of gathering to remove him from power. This is a developing story. Yoko Wakatsuki contributed to this report. Source link

A district court in Tokyo announced Thursday morning that Ghosn was granted the $ 500 million bail ($ 4.5 million).

It is the latest development in a legal story that has seen the former chairman Nissan ( NSANF ) and Renault ( RNLSY ) was arrested several times and imprisoned twice. Ghosn had previously been released on bail in early March after spending 108 days in storage.

Ghosn was arrested in early April for new charges of economic maladministration. Prosecutor accuses him of obtaining $ 5 million of Nissan’s money for a car dealer he controlled.

Ghosn called the restoration “outrageous and arbitrary.”

The deposited auto titan also waits for trials on separate charges which he underestimated his income for years and abused his position by transferring personal investment losses to Nissan.

He denies these accusations and has accused Nissan bosses of gathering to remove him from power.

This is a developing story.


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