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Court OKs Ghosn to change residence in Tokyo during release on bail

Former Nissan Motor Co. Chairman Carlos Ghosn, who has been indicted in Japan for alleged financial misconduct, leaves a building in Tokyo that houses his lawyer's office on April 26, 2019, a day after he was released from the Tokyo Detention House on bail for a second time. (Kyodo)

TOKYO (Kyodo) -- Former Nissan Motor Co. Chairman Carlos Ghosn has been permitted by a Japanese court to change his residence to a house in Tokyo from a condominium while he is out on bail, investigative sources said Thursday.

The 65-year-old ousted chairman, who has denied all charges of financial misconduct, made the request to move into a house in Minato Ward after he was released on 500 million yen ($4.5 million) bail on April 26.

Under the bail conditions, Ghosn's residence was restricted to a condominium in the capital's Shibuya Ward and he was prohibited from making contact with his wife without approval from the Tokyo District Court.

The condominium was designated as his residence since his first release on 1 billion yen bail on March 5 following his initial arrest in mid-November over allegations of underreporting his remuneration for years.

Ghosn was then rearrested on April 4. In his fourth indictment, Ghosn was accused of having a Nissan subsidiary in the United Arab Emirates pay a total of $10 million to a distributor in Oman between July 2017 and last July, and having $5 million of that transferred to a savings account at a Lebanese investment firm that he effectively owns.

He has also been charged with aggravated breach of trust over a separate case involving the alleged transferring of private investment losses to Nissan's books in 2008 and paying $14.7 million in company funds later to a Saudi businessman who extended credit to him.

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