Carlos Ghosn's latest request for bail was rejected Tuesday by the Tokyo District Court despite the ousted Nissan chairman offering to wear an electronic ankle tag in an unusual bid to win release after two months of detention for alleged financial crimes.
The ruling, widely anticipated, raises the likelihood that the 64-year-old executive will remain in custody until his trial, and will put pressure on Nissan Motor Co.'s French partner, Renault SA, to find his successor as chairman and CEO.
Renault's board is expected to meet in the coming days to decide who will succeed Ghosn. That step will essentially remove him from the three-way alliance that includes Mitsubishi Motors Corp.