Ghosn out on bail after more than 100 days

Image
AFP Tokyo
Last Updated : Mar 06 2019 | 8:25 PM IST

Former Nissan chief Carlos Ghosn left his Tokyo detention centre Wednesday after more than 100 days in custody, following a shock court decision granting him bail of one billion yen (USD 9 million).

Ghosn left the detention centre in northern Tokyo flanked by guards, wearing a blue cap, a white medical face mask and a work jacket with orange reflective stripes.

Unrecognisable from the tycoon who dominated the auto sector for decades, Ghosn's outfit was a far cry from his usual sharp suits and caught the waiting pack of the world's media off guard.

Without acknowledging the banks of cameras snapping wildly, he drove off in a silver van -- a Suzuki -- complete with a workman's ladder strapped to the top.

Ghosn's unexpected outfit was the latest surprise in a case that has provided frequent twists and turns that kept Japan and the business world on tenterhooks.

The man who once stood at the head of the world's top-selling car alliance paid his hefty bail bond "in cash," according to the Tokyo District Court.

Throughout his more than three months in custody, Ghosn, 64, has loudly proclaimed his innocence, stressing in a recent statement he was "totally committed to vigorously defending" himself against "meritless and unsubstantiated accusations."
French Economy Minister Bruno Le Maire said it was "a good thing that Carlos Ghosn can defend himself freely and without restriction."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 06 2019 | 8:25 PM IST

Next Story