A Tokyo court on Tuesday granted bail for a Nissan executive accused of a key role in the financial misconduct case involving auto tycoon Carlos Ghosn, who remains in detention. The Tokyo District Court said it had approved a request by lawyers for Greg Kelly and set bail for his release at 70 million yen ($635,000). The 62-year-old American was arrested on November 19 at the same time as Ghosn on allegations he helped him underreport his compensation at Nissan for years. Kelly is accused of helping construct an alleged scheme by which Ghosn under-reported his salary for a period of eight years. He is expected to remain in detention through Christmas and the start of 2019, with prosecutors able to apply for an additional 10-day extension when his current detention period expires on January 1.

Source: Egypt Independent December 25, 2018 06:56 UTC