Ex-Nissan Motor Co. Chairman Carlos Ghosn is expected to be released from a Tokyo detention facility on Wednesday after paying bail of 1 billion yen (9 million U.S. dollars).
Ghosn, who is facing two charges of under-reporting his remuneration in Nissan's securities reports and another allegation of aggravated breach of trust, was granted bail by the Tokyo District Court a day earlier.
The court rejected an appeal by prosecutors to reverse the bail decision.
Ghosn's bail was set at 1 billion yen (9 million U.S. dollars) after a request was filed with the court on Thursday by Ghosn's new legal team.
Ghosn, 64, has legal representation including that from newly-appointed lawyer Junichiro Hironaka who is known for winning acquittals in high-profile cases.
It was the third attempt his legal team had requested bail for their client, after the first two were rejected by the court.
If released on bail, Ghosn, previously considered a flight risk by the court, will be under a travel ban ensuring he does not leave Japan. He will also have to remain under limited video surveillance and will only be granted restricted access to the use of mobile phones and computers.
Other provisos of his bail have not been made clear, but, according to sources close to the matter, they are based around making sure Ghosn cannot tamper with evidence or contact Nissan executives or others involved in the case.
"I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations," Ghosn said in a statement released a day earlier through his representative in the United States, as quoted by local media.
Ghosn has spent more than 100 days incarcerated at the Tokyo Detention House since his arrest on Nov. 19 last year.
