Tokyo — A Japanese court granted bail to ousted Nissan Motor chair Carlos Ghosn on Tuesday but prosecutors swiftly appealed the decision, delaying an immediate release of the once-feted executive after more than three months in jail. Judges at the Tokyo District Court accepted defence lawyers’ assurances that Ghosn would submit to extensive surveillance and set his bail at $9m, an apparent win for his new legal team on his third bail request. Prosecutors, however, are demanding that Ghosn — the architect of Nissan’s automotive making partnership with France’s Renault and one of the global automotive industry’s most celebrated executives — remain in jail pending his trial. A release would allow Ghosn to frequently meet his lawyers and build a defence ahead of his trial. He faces charges of aggravated breach of trust and under-reporting his compensation to the tune of $82m at Nissan for nearly a decade. If convicted on all the charges, he faces up to a decade in jail. The former chair...

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