Nissan’s Kelly granted bail, Ghosn remains in custody

Former Nissan Motor Representative Director Greg Kelly was granted bail by a Tokyo court on Tuesday, raising the possibility he could be freed before Christmas was over, although Carlos Ghosn, the automaker’s ousted chairman, remains in custody.

Kelly’s bail was set at 70 million yen ($635,612), the Tokyo District Court said in a statement.

Neither Kelly nor Ghosn have been able to defend themselves in public, so Kelly’s release could give him the first opportunity to do so.

Both Kelly and Ghosn remain on the Japanese car maker’s board but without representative rights.

Ghosn was re-arrested on Friday based on suspicions that around October 2008 he shifted personal trades to Nissan to make it responsible for 1.85 billion yen ($16.6 million) in appraisal losses, prosecutors said.

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Article source: http://www.dailystar.com.lb/Business/International/2018/Dec-25/472609-nissans-kelly-granted-bail-ghosn-remains-in-custody.ashx