Tokyo (CNN Business)A Japanese court on Thursday rejected prosecutors’ request to extend the detention of former Nissan Chairman Carlos Ghosn, setting the stage for the possible release of the top auto executive.
Ghosn’s arrest in Tokyo last month on allegations of financial misconduct has rocked the global car industry and put strains on the alliance he presided over between Nissan (NSANY) and Renault (RNSDF).
The Tokyo District Court on Thursday also denied a request from prosecutors to extend the detention of Greg Kelly, a former Nissan director who is accused of helping Ghosn under-report his compensation in the company’s securities filings for years.
