Ousted Nissan Motor Chairman Carlos Ghosn was released from jail on Wednesday af...
TOKYO - Ousted Nissan Motor Chairman Carlos Ghosn was released from jail on Wednesday after posting $9 million in bail, giving the executive fresh impetus to craft his defense against financial misconduct charges in Japan.
The Tokyo District Court said Ghosn has paid the 1 billion yen bail, among the highest ever in Japan, after it rejected a last-ditch appeal by prosecutors to keep him in jail. He faces charges of aggravated breach of trust and under-reporting his compensation by about $82 million at Nissan for nearly a decade. If convicted on all charges, he faces a maximum sentence of up to 15 years in jail, prosecutors have said.“I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations,” he said in a statement on Tuesday.
The case has cast a harsh light on Japan’s criminal justice system, which allows suspects to be detained for long periods and prohibits defense lawyers from being present during interrogations that can last eight hours a day.
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