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    Nissan Motor Co. Chief Executive Carlos Ghosn

    Tokyo Court Grants Ex-Nissan Head Ghosn Bail - Reports

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    Ghosn was arrested in Tokyo on allegations of financial misconduct, as prosecutors accused him of underreporting his income and transferring to Nissan his personal trading losses worth an estimated $16 million in 2008.

    Tokyo court has granted ex-chairman of Nissan Carlos Ghosn bail, local media reported. According to NHK Ghosn could be released as early as Tuesday. The ex-Nissan head bail has reportedly been set at 1 billion yen (Nearly 9 million US dollars).

    READ MORE: French Fin Minister Denies Reports About Talks on Possible Renault-Nissan Merger

    Carlos Ghosn has been in custody at a detention centre in Tokyo since his initial arrest on November 19.

    Nissan's board of directors dismissed Ghosn as chairman shortly after his arrest in November. French President Emmanuel Macron, when addressing the situation, reportedly urged Tokyo to agree to a merger between Renault SA and Nissan Motor Co.

    Related:

    Tokyo Prosecutors Charge Carlos Ghosn for Underreporting Pay - Reports
    Tokyo Prosecutors Indict Ex-Nissan Chairman Ghosn on New Charges - Reports
    France Demands Japan Accept Renault-Nissan Merger After Ghosn Scandal - Reports
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    bail, Carlos Ghosn, France, Japan
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