Nissan peak has been granted bail

A court in Tokyo has granted former Nissan boss Carlos Ghosn’s bail request Tuesday, but it is still unclear whether he will be released.

The guarantee amount is one billion yen, which is equivalent to NOK 77 million after the current exchange rate. Although the court has granted Ghosn’s petition for bail, the prosecuting authority can appeal the decision, and thus the former Nissan chief executive may be detained for several more weeks.

One of the conditions for Ghosn to be released is he must not leave Japan. He is also subject to other restrictions that will prevent him from destroying evidence, said the ruling.

Ghosn has been in custody since the arrest on November 19. 64-year-old led Nissan Motor Co. for more than 20 years, but is now charged with cheating with credit information and having underreported how much he received in Nissan’s wages for at least 8 years, which he disputes and claims that Nissan’s compensation to him was never fixed. He is further accused of a breach of trust on the grounds that Ghosn has suffered a Nissan investment loss and that he must have paid a businessman from Saudi Arabia.

Ghosn says he is not to blame Nissan for any loss and that the payment to the businessman was for legitimate services.

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