The Tokyo District Court has allowed former Duskin Co. Chairman Koji Chiba, currently being tried on charges of misappropriating the firm's money, to be released on bail, court officials said.
Chiba, 63, was released Friday immediately after paying 20 million yen, the officials said.
Prosecutors indicted Chiba and two other people in June on a charge of aggravated breach of trust under the Commercial Code, alleging they provided about 185 million yen to Osaka-based design firm Spice between July 1999 and April 2001, ostensibly as design fees for giveaway gifts at the Duskin-owned Mister Donut chain.