Japan Court approves bail of Nissan ex-chairman Carlos Ghosn

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A Japanese court has recently approved the release of Nissan ex-chairman Carlos Ghosn on a 500 million yen i.e $4.5 million, bail.

Ghosn was arrested in November, released on bail in March but re-arrested in April on new allegations and taken to Tokyo Detention Center.

Ghosn has been charged with falsifying financial documents in under-reporting post-retirement compensation and breach of trust in diverting Nissan money and having it shoulder his personal investment losses.

Ghosn says he is innocent.