India, Jan. 17 -- Former Nissan Motor Co. (NSANF.PK, NSANY.PK) Chairman Carlos Ghosn is set to stay in jail at least until March after the Tokyo District Court upheld its earlier decision to deny his release on bail, according to the reports.
Defense lawyers appealed the Tuesday ruling but Judge Iwao Maeda rejected the appeal Thursday. When defendants aren't granted bail, they must stay in jail for at least two months after charges are filed - a period that ends March 10 in Ghosn's case - and after that, the court reviews the detention each month. Defense lawyers can seek a client's release on bail at any time, but they generally wait for a new development in the case to try again.
The reports indicated that Ghosn's lawyer, Motonari Otsur...