Emerging corporate culture

The Nissan story – Compliances are becoming sacrosanct

A court in Japan’s capital has denied ousted Nissan chairman Carlos Ghosn’s latest request for bail, made more than two months after his arrest.

The decision by the Tokyo District Court on Tuesday came a day after the 64-year-old pledged – among others – to wear an electronic monitoring ankle bracelet, give up his passport and pay for security guards approved by prosecutors to gain release from detention.

The rejection was expected as the court had previously judged Ghosn to be a flight risk who could potentially tamper with evidence.

Ever since his arrest on November 19 on allegations of financial misconduct, Ghosn’s case has been a rollercoaster ride that has kept Japan and the business world gripped.

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