Daily Business Wrap - Japan court grants $4.5m bail to Carlos Ghosn - video Dailymotion

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A Japanese court granted Carlos Ghosn bail Thursday, meaning the former Nissan boss could soon walk out of his Tokyo detention centre to prepare his defence against multiple charges of financial misconduct.

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00:00Former Nissan boss Carlos Ghosn has been granted bail set at 4.5 million dollars by a Tokyo

00:08court today. It will be the second time that Ghosn has been granted bail, the first time

00:13he was released and then re-arrested on fresh charges earlier in April. Ghosn, who denies

00:19any wrongdoing, is currently facing four charges in Japan over allegations of financial misconduct

00:24and fraud. As part of the previous bail conditions, a 24-hour surveillance camera was placed at

00:31the entrance to Ghosn's court-approved permanent residence. In other news, after entering merger

00:36talks just last month, Deutsche Bank and Commerzbank, two of the largest lenders in Germany, have

00:41abandoned merger talks today. They say that the deal would have been too risky and not

00:46generating enough sufficient returns to justify the deal's costs. The German government had

00:52been championing the deal, with reports suggesting that Germany's finance minister wanted a

00:56national champion in the banking industry. And lastly, DXB Entertainment, the operator

01:02of Dubai Parks and Resorts, has said that it has cancelled officially now the opening

01:07of the Six Flags theme park. The theme park, an export from America, was originally intended

01:12to have one of the world's largest roller coasters. Construction began in 2016 and was

01:17expected to complete in 2019. The company raised around $2 billion to finance the project.

01:23In a statement on the Dubai financial market, DXB Entertainment said it was no longer in

01:27the best interests of the company to pursue the project and had therefore cancelled it.

01:32That's all from us today. You can find the latest headlines on gulfnews.com and we'll

01:36be back on Sunday with many more. Thanks for watching and have a great weekend.

Daily Business Wrap - Japan court grants $4.5m bail to Carlos Ghosn

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