Ex-Nissan chief Carlos Ghosn set to be released on $8.9 million bail

The release would allow Ghosn to meet his newly hired legal team frequently and build a defence ahead of his trial

Former Nissan Motor Co Chairman Carlos Ghosn was set to be released on $8.9 million bail on Wednesday after a Tokyo court rejected a last-minute attempt by prosecutors to keep the once-feted executive in prison.

Ghosn, a former titan of the global auto industry, has spent more than 100 days detained in a small, unheated room since his Nov. 19 arrest for alleged financial misconduct.

The Tokyo District Court on Tuesday granted his release on 1 billion yen ($8.9 million) bail after his lawyers assured the court that Ghosn would submit to extensive surveillance.

The release would allow Ghosn, who turns 65 on