Carlos Ghosn Granted Bail by Tokyo Court

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Carlos Ghosn Granted Bail by Tokyo Court

A Tokyo court on Tuesday approved the release of the former chief of Nissan and Renault, Carlos Ghosn, on bail after more than three months of detention.

The court set the bail at one billion yen ($9 million).

Under the court's bail conditions, Ghosn must remain in Japan and be prevented from destroying evidence, Kyodo news reported.

Japan's Public broadcaster NHK said Ghosn could be released as early as Tuesday, but prosecutors appealed the decision and could even file additional allegations against Ghosn to prevent him from being freed.

The surprise decision came after Ghosn's new lead defence lawyer, Junichiro Hironaka, said on Monday that he had filed a "convincing" bail request.

The auto executive is expected to go on trial later this year on charges he understated his income and abused his position by transferring personal investment losses to the Japanese carmaker.