Nissan claims $91 million in damages from Ghosn

Posted 2022-12-18 00:00:00 +0000 UTC

According to foreign media reports, auto filed a lawsuit against Carlos Ghosn, the former chairman of the company, claiming that his financial misconduct and fraud caused losses to the company, and demanded compensation of jpy1 billion (about US $91 million). (photo source: ghorn LinkedIn homepage) on February 12, Nissan filed a civil lawsuit against ghorn in the Yokohama district court. Yokohama City is south of Tokyo, where Nissan's global headquarters are located. "Nissan's claim for compensation for economic losses is related to Ghosn's breach of the fiduciary duty of the company's directors and the misappropriation of Nissan's resources and assets," Nissan wrote in its press release Nissan also said: "Nissan wants Ghosn to be responsible for the damage and economic losses caused to the company by his misconduct." Nissan said it would step up its claims after Ghosn "illegally escaped legal sanctions.". At the end of December last year, Ghosn fled Japan on bail and arrived in Lebanon, where he grew up as a child. Since Lebanon generally does not extradite its citizens abroad, Ghosn is relatively safe here. Last month, sources close to Nissan's board said that after Ghosn fled Japan, Nissan's directors began to press for compensation. Ghosn was expected to face trial in Japan this spring. Nissan claims that the company's compensation is based on the damage caused to the company by Ghosn's "years of corruption.". 1. Ghosn uses the company's overseas property without paying the rent, uses the company's aircraft for personal reasons, pays money to his sister, and pays money to his lawyer in Lebanon; 2. The cost of internal investigation of Ghosn's misconduct; 3. The legal and regulatory cost in Japan, the United States, the Netherlands and "other regions". Nissan is also seeking to acquire ownership of the Ghosn luxury yacht, investigate other losses caused to the company by Ghosn, and may launch more legal actions against Ghosn. Nissan said it reserves the right to seek redress from the court because of "baseless defamation" of the media by Ghosn after his escape to Lebanon. Before that, Ghosn sued Nissan and its partners respectively in the Netherlands. Nissan asked for compensation from Ghosn this time, which was the company's counterattack against the move. In a lawsuit brought by Mr Ghosn, he asked Nissan Mitsubishi bv in the Netherlands for 15 million euros ($16.3 million) in compensation for its illegal dismissal. Ghosn's team said he had been illegally fired on the grounds that Nissan and Mitsubishi did not share details of the charges against him. Nissan and Mitsubishi retort that Ghosn paid himself a large sum of money, giving him about 7.82 million euros (about 8.6 million US dollars) in improper compensation.

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