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TOKYO (Reuters) – A Japanese court on Tuesday rejected a last-minute attempt by prosecutors to keep former Nissan Motor Chairman Carlos Ghosn in prison, ruling that the once-feted executive could be released on $8.9 million bail after more than 100 days in detention. The Tokyo District Court, which had earlier granted Ghosn bail, said it had rejected an appeal by prosecutors who had sought to keep him in prison, pending his trial for financial misconduct cufflinks shop near me. The decision paves the way for Ghosn’s release as early as Wednesday and marks a victory for his new legal team, brought in last month and spearheaded by a lawyer known as “the Razor” for his success in several high-profile cases..

On what was Ghosn’s third bail request, the court accepted defense lawyers’ assurances that he would submit to extensive surveillance. The release would allow Ghosn – the architect of Nissan’s automaking partnership with France’s Renault and one of the industry’s most celebrated executives – to meet his lawyers frequently and build a defense ahead of his trial cufflinks shop near me. Ghosn faces charges of aggravated breach of trust and under-reporting his compensation to the tune of $82 million at Nissan for nearly a decade..

If convicted on all the charges, he faces up to a decade in jail. The ex-chairman of Nissan, Renault and Mitsubishi Motors has denied wrongdoing and late on Tuesday reiterated his position. “I am extremely grateful for my family and friends who have stood by me throughout this terrible ordeal,” Ghosn said in a statement. “I am innocent and totally committed to vigorously defending myself in a fair trial against these meritless and unsubstantiated accusations.” cufflinks shop near me. Nissan declined to comment on the bail decision, which comes a day after the head of Ghosn’s new legal team said he was optimistic the executive would be released with a promise to submit to surveillance..

The case has cast a harsh light on Japan’s criminal justice system, which allows suspects to be detained for long periods and prohibits defense lawyers from being present during interrogations that can last eight hours a day. Public opinion is likely to have played a role in the court’s bail decision, said Shin Ushijima, a former prosecutor and lawyer. “The court was partly influenced by the opinion of the entire world,” Ushijima said cufflinks shop near me. “People in general thought (the detention period) is too long. This will change Japan’s criminal procedures.”..

There was a heavy media presence earlier on Tuesday outside the Tokyo detention center where Ghosn is being held, with throngs of reporters setting up ladders to gain a clear view over the tall fence. A helicopter briefly buzzed overhead. While Ghosn’s 1 billion yen ($9 million) bail would rank among the highest in Japan, it is half the amount paid in 2005 by Mitsuru Asada, a businessman who was later convicted of defrauding the government through a beef buyback program cufflinks shop near me. Ghosn, who turns 65 on Saturday, has spent more than 100 days in a 4.8 square meter (52 sq ft) cell. In his only court appearance, in January, he said he looked forward to his trial to “finally have the opportunity to defend myself”..