Japan denies prosecution challenge to bail Kelly

Japan denies prosecution challenge to bail Kelly

Japan denies prosecution challenge to bail Kelly

He posted bail of 70 million yen ($640,000).

Sources say former Nissan Motor chairman Carlos Ghosn had a Nissan subsidiary channel about 15 million dollars to a company run by an acquaintance to pay for services that didn't exist.

Both arrest has shocked the global auto market and industry and also strained Nissan's ally with the French vehicle maker - Renault SA.

Kelly walked out of the detention center around 10:45 p.m. local time Tuesday night wearing a light-colored jacket and was whisked away in a black taxi.

Within hours of being released Kelly checked himself into a hospital.

Kelly and Ghosn have been detained in Tokyo since their November 19 arrest.

A Japanese court has rejected prosecutors' challenge to a court's approval of bail for Nissan Motor Co.'s American executive Greg Kelly.

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"By doing so, [Ghosn] behaved in a way that breached trust, and inflicted damage on the property of Nissan", prosecutors said in a statement.

If Ghosn's detention is extended by another 10 days, he would remain behind bars until January 11.

A letter requesting the meeting arrived after Nissan rejected an earlier call by Renault, its biggest shareholder, to hold a shareholders' meeting to discuss the French automaker's representation in the Japanese firm before Nissan board members met on December 17, the sources said. He has denied those allegations, public broadcaster NHK has reported.

"The company's own investigation uncovered substantial and convincing evidence of misconduct, resulting in a unanimous board vote to dismiss Ghosn and Kelly as chairman and representative director. Our investigation is ongoing".

In another development, Nissan asked its staff to refrain from any communications with Ghosn and Kelly and their lawyers as Japanese prosecutors continue to investigate the two executives. Nissan staff should immediately report the contact or attempted contact to the company's legal department, according to the notice.

Nissan CEO Hiroto Saikawa has indicated that a shareholders' meeting would be held when a newly set up committee to enhance governance draws up proposals by next March.

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