Former Nissan chairman Carlos Ghosn was granted bail by Tokyo District Court late Monday after spending three months in a Japanese prison following his arrest for alleged financial misconduct.
The big picture: Ghosn was the architect of the Renault-Nissan-Mitsubishi Alliance — the largest carmaker in the world before his arrest in November. He denies any wrongdoing and had two previous requests for bail rejected. His latest bid resulted in him having bail set at one billion yen ($8.9 million) on condition he submit to video surveillance and communications monitoring, Reuters news agency reports. was not immediately released because prosecutors appealed the bail decision.
