Former Nissan Chairman Carlos Ghosn, jailed for over 100 days, set to be released on $8.9 million bail
TOKYO - Former Nissan Motor Co Chairman Carlos Ghosn was set to be released on an $8.9 million bail on Wednesday, giving the once-feted executive fresh impetus to build a defense against what he has called “meritless” financial misconduct charges.
Early on Wednesday, a car from the Embassy of France, where Ghosn holds nationality, arrived at the detention center in eastern Tokyo as media helicopters swirled overhead. Hundreds of reporters, photographers and TV crews were gathered outside the facility, many of whom had camped overnight to secure positions.
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 charges, Ghosn faces up to 10 years in jail. Last month he hired lawyer Junichiro Hironaka, nicknamed “the Razor” for his success at winning acquittals in several high-profile cases. Hironaka has said he will take a different approach to Ghosn’s initial legal team, suggesting a more aggressive defense strategy.
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