Carlos Ghosn is out of jail. What happens next?

FILE - In this April 20, 2018, file photo, then Nissan Chairman Carlos Ghosn speaks during an interview in Hong Kong. A Japanese news report says former Nissan chairman Ghosn will be detained at least through Jan. 11, 2019. Ghosn, who led Nissan Motor Co. for two decades saving the Japanese automaker from near bankruptcy, was arrested Nov. 19, 2018, on suspicion of falsifying financial reports.(AP Photo/Kin Cheung, File) FILE - In this April 20, 2018, file photo, then Nissan Chairman Carlos Ghosn speaks during an interview in Hong Kong. A Japanese news report says former Nissan chairman Ghosn will be detained at least through Jan. 11, 2019. Ghosn, who led Nissan Motor Co. for two decades saving the Japanese automaker from near bankruptcy, was arrested Nov. 19, 2018, on suspicion of falsifying financial reports.(AP Photo/Kin Cheung, File)

By Amie Tsang / The New York Times March 6, 2019 4 min read

Carlos Ghosn, the man who created what was effectively the world’s largest carmaker, has been released on bail after spending more than three months in jail.

Ghosn once oversaw the alliance of Nissan, Renault and Mitsubishi and was the consummate high-flying executive. On Wednesday, he walked out of a Japanese detention center disguised as a construction worker to prepare for a trial on charges of financial misconduct. Under the terms of his bail – set at 1 billion yen, or almost $9 million – he cannot leave Japan.

Here is what has happened since his arrest and what he faces now.

Why was he arrested?

Ghosn has been accused of underreporting his compensation and shifting more than $16 million of personal losses to Nissan. He was in jail, questioned by prosecutors, for 108 days.