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Nissan's Kelly granted bail by Tokyo court; Christmas release possible

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Former Nissan Motor Representative Director Greg Kelly was granted bail by a Tokyo court on Tuesday, raising the possibility he could be freed before Christmas was over, although Carlos Ghosn, the automaker’s ousted chairman, remains in custody.
TOKYO (Reuters) – Former Nissan Motor Representative Director Greg Kelly was granted bail by a Tokyo court on Tuesday, raising the possibility he could be freed before Christmas was over, although Carlos Ghosn, the automaker’s ousted chairman, remains in custody.
Kelly’s bail was set at 70 million yen ($635,612), the Tokyo District Court said in a statement. The court later said he had paid the bail in cash.
Kelly has been detained along with his former boss since their first arrest on Nov. 19 on suspicion of understating Ghosn’s income in financial statements for several years. Neither Kelly nor Ghosn have been able to defend themselves in public, so Kelly’s release could give him the first opportunity to do so.
The arrests have jolted the global car industry and strained Nissan’s alliance with French car maker Renault SA.

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