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Nissan's Carlos Ghosn denied bail, again

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Nissan's Carlos Ghosn denied bail, again

Nissan's Carlos Ghosn denied bail, again

Carlos Ghosn’s latest request for bail has been rejected by a Tokyo court, despite the ousted Nissan chairman offering to wear an electronic ankle tag in an unusual bid to win release after two months of detention for alleged financial crimes.

Grace Lee reports.

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Nissan's Carlos Ghosn denied bail, again

Carlos Ghosn has been denied bail once again even after offering to wear an ankle tag in an unusual bid to win his release.

The former Nissan boss is under arrest in Japan for alleged financial crimes.

On Tuesday (January 22), a Tokyo court rejected his request for bail, which is rarely granted in Japan without a confession.

It's been a two-month ordeal for Ghosn, with his first plea for bail being denied.

The court said he was flight risk.

So, this time Ghosn offered to wear the ankle tag, hire guards to monitor him, and to post his stock in Nissan as collateral.

Ghosn still denies any wrongdoing.

Bail would mean he'd get to defend himself before the board of another car company, Renault, where he is still chairman and CEO.

Renault and Nissan are part of a three-part alliance with Mitsubishi, and before his arrest, Ghosn had been pushing for deeper ties between Nissan and Renault, up to a complete merger.

Reportedly the French government itself is pushing for that too; its the largest shareholder in Renault.

Nissan's CEO Hirota Saikawa says he's not aware of such a push and that a merger isn't on the table, at least for now.

(SOUNDBITE) (Japanese) NISSAN'S CEO, HIROTO SAIKAWA, SAYING: "We can't have further discussions between the boards of Nissan and Renault unless Renault decides their stance." Meanwhile, Renault's board is expected to meet in the coming days to try and find a replacement for their chairman.



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