Carlos Ghosn Granted Bail And Released From Japanese Jail

Carlos Ghosn was released from jail on Wednesday, after posting bail.

The BBC reports that the court set bail for Ghosn at one billion yen ($8.9 million). Ghosn had previously applied for bail on two separate occasions but it was rejected both times with the court saying the former industry executive was a flight risk and could hide evidence if released.

The 64-year-old former head of the Renault and Nissan brands has been in custody more than 100 days since he was arrested in November last year on claims he had understated his income at Nissan.

Shortly after being granted bail, Ghosn immediately defended himself against all allegations.

“I am extremely grateful for my family and friends who have stood by me throughout this terrible ordeal. I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations.”

Ghosn’s bail conditions mean he will have to stay in Japan and be placed under video surveillance.

In early January, Ghosn suggested that he was the victim of a coup from Nissan. He claimed that other Nissan executives forced him from his post with “plot and treason” and asserted that allegations about his financial misconduct were made with the “purpose of getting rid of me.”

At the same time, Ghosn also rejected claims that he ran Nissan as a “dictatorship” and said he was simply a strong leader.

Many Nissan executives were reportedly uncomfortable about Renault and Ghosn potentially gaining full control of the Japanese carmaker as part of a plan to integrate Renault, Nissan, and Mitsubishi closer together.