The ruling raises likelihood that ex-Nissan boss Carlos Ghosn will remain in custody until his trial.TOKYO: Carlos Ghosn's latest request for bail was rejected by a Tokyo court on Tuesday, despite 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 likelihood that 64-year-old executive will remain in custody until his trial, and will put pressure on Nissan's French partner Renault SA to find his successor as chairman and CEO.Renault's board is expected to meet in coming days to decide who will succeed Ghosn, essentially removing him from three-way alliance - which also includes Mitsubishi Motors - which has been in turmoil since his arrest.Ghosn was almost immediately ousted from chairmanship of Nissan and Mitsubishi after his initial arrest on Nov.

19, but remains chairman and CEO of their French partner.He has been officially charged for under-reporting his salary for eight years through March 2018 and temporarily transferring personal financial losses to Nissan's books.

Ghosn denies charges.The court did not give a reason for denial.

Bail is rarely granted for defendants in Japan without a confession.Ghosn's lawyer was not immediately available for comment after Tokyo District Court announced its decision.Ghosn's latest bail request had also included an offer to hire guards to monitor him and a promise to remain in Tokyo, where he has leased an apartment.

He offered to post stock he owns in Nissan as collateral, his spokeswoman said.An earlier request for bail was denied last week due to concerns executive, who holds French, Lebanese and Brazilian citizenship, was a flight risk, and that he may tamper with evidence if released.In a statement released on Monday, Ghosn repeated his intent to clear his name in court."I will attend my trial not only because I am legally obligated to do so, but because I am eager to finally have opportunity to defend myself," he said."I am not guilty of charges against me and I look forward to defending my reputation in courtroom."Partnership in turmoilThe arrest of once-feted executive who orchestrated turnaround of Nissan two decades ago, has clouded future of partnership between Nissan and Renault.Ghosn had pushed for a deeper tie-up between Nissan and Renault, including possibly a full merger, despite strong reservations at Japanese firm.On Monday, Nissan CEO Hiroto Saikawa said it was not time to discuss revising partners' complicated capital ties.

Local media have reported that a French government delegation has informed Tokyo that it would seek an integration of Renault and Nissan, most likely under umbrella of a single holding company.Renault owns a 43.4 percent stake in Nissan, which in turn holds a non-voting 15 percent stake in Renault.

The French government owns a 15 percent voting stake in Renault.Nissan, which has been conducting an internal probe into misconduct by Ghosn, believes he misused company funds for personal purposes, including payments related to his compensation, his residences dotted around globe, and payments to family members, people with knowledge of issue have told Reuters.(Except for headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)