For the second time in a week, Carlos Ghosn lost a court fight to be granted bail. The latest defeat came Tuesday in Tokyo when a judge denied an appeal from the former Nissan CEO meaning that Mr. Ghosn will likely remain in detention until early March.
In his latest petition for bail, the 64-year-old offered to pay a higher amount, put up his Nissan stock as collateral and surrender his passports.
Mr. Ghosn has been in jail in Japan since November as Japanese authorities have investigated allegations he and another Nissan executive, Greg Kelly, did not disclose the full amount of Ghosn’s compensation over several years.
While in detention in a Japanese jail, Ghosn has not been allowed to have direct contact with his family and remains incarcerated while awaiting trial on charges of financial crimes while heading Nissan.
At a bail hearing earlier this month, Ghosn spoke publicly for the first time about his detention and denied the charges against him.
Last week, Ghosn’s wife released a letter she sent to Human Rights Watch decrying the treatment her husband has faced while detained and investigated.