Carlos Ghosn, the former chairman of Nissan Motor and head of the Renault-Nissan-Mitsubishi Alliance, was released from Tokyo Detention House on March 6, 2019, after posting 1 billion yen ($9 million) bail. The 100-day detention ended following a Tokyo District Court ruling that rejected prosecutors' final appeal to keep him incarcerated. Ghosn faces charges of financial misconduct, including underreporting $82 million in compensation, and will remain under strict conditions including restricted communication and surveillance.
The court approved his release after Ghosn's legal team provided guarantees he would stay in Tokyo, surrender his passport, and install cameras at his residence. He is prohibited from using the internet, sending text messages, or contacting individuals involved in his case. His computer access is limited to his lawyer's office. If convicted on all charges, Ghosn could face up to 15 years in prison.
Ghosn's arrest on November 19 followed allegations of financial misconduct at Nissan. His legal team has consistently denied the charges, calling them baseless. The former auto industry leader's release comes amid ongoing scrutiny of corporate governance practices within the Renault-Nissan-Mitsubishi alliance.
