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Carlos Ghosn Out On Bail

Carlos Ghosn left a Tokyo jail  after spending more than three months in detention on allegations of financial misconduct. Ghosn, the former head of Nissan and Renault, walked out of a detention center after posting bail of 1 billion yen ($9 million), according to footage from Japanese public broadcaster NHK. Images showed him wearing a blue cap, a face mask and dark coat. His bail conditions require him to stay in Japan and be closely monitored. An appeal by prosecutors against the decision to let him out was rejected late Tuesday. One of the most prominent figures in the global auto industry, Ghosn is awaiting trial on charges he understated his income for years and abused his position by transferring personal investment losses to Nissan. His downfall and prolonged detention have shocked the international car industry, created tensions between Nissan and Renault, and raised questions about Japan’s criminal justice system. Ghosn has denied all the charges against him. If found guilty, he could face as long as 15 years in prison.