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Renault's Ghosn denied bail again as plight worsens
A Tokyo court denied on Tuesday an appeal from Carlos Ghosn to be granted bail, a decision that will likely keep the Renault boss in detention until early March. Ghosn was arrested in Japan in November on charges of financial fraud, with the former Nissan chairman accused of understating his income with the automotive group to Tokyo's stock exchange authorities, with "other significant acts of misconduct" allegedly uncovered. In his latest petition to the court, the 64-year-old executive, who approved Renault's return to Formula 1 as a works team in 2016, offered to pay a higher bail amount, to put up his Nissan stock as collateral and to surrender his passports. Jerome Stoll...
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