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Japanese court denies Ghosn's bail request

tokyo - The 64-year-old auto tycoon is likely to stay in custody until his trial

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A Tokyo court on Tuesday rejected a request by former Nissan chief Carlos Ghosn for bail following fresh charges, dashing his hopes for an early release from his Japanese jail cell.

The decision means the 64-year-old auto tycoon is likely to stay in custody until his trial, which even his own defence lawyer has admitted could take six months to begin.

The Tokyo District Court said in a statement that "a request filed by lawyers for his bail release was rejected today".

Ghosn's main defence lawyer Motonari Otsuru immediately vowed to appeal the court decision.

On Friday, prosecutors pressed formal charges against Ghosn over two more allegations of financial misconduct - all of which the Franco-Brazilian-Lebanese businessman denies.

In a dramatic courtroom appearance on Tuesday, Ghosn denounced the allegations against him, saying he had been "wrongly accused and unfairly detained".

He has been indicted on two counts of allegedly under-declaring his income by more than nine billion yen ($83 million) in total over eight fiscal years in documents to shareholders. - AFP