Nissan Motor Co. said today in a release that it is suing its former chairman, Carlos Ghosn, for “an initial amount” of $90 million
Former Renault-Nissan boss Carlos Ghosn gestures as he addresses a large crowd of journalists on hisreasons for dodging trial in Japan, where he is accused of financial misconduct, at the Lebanese Press Syndicate in Beirut on January 8, 2020. - The 65-year-old fugitive auto tycoon vowed to clear his name as he made his first public appearance at a news conference in Beirut since skipping bail in Japan.
In its release announcing this latest legal action against Ghosn, Nissan said its claim of damages is “linked to Ghosn’s breach of fiduciary duty as a company director and his misappropriation of Nissan’s resources and assets.” The company also said it expected the size of damages to increase as it seeks to recover fines paid to the Japanese Financial Services Agency and “likely” penalties imposed on Nissan in criminal proceedings to Ghosn’s alleged misconduct.
Taking his statements to the press into account, Nissan said it is reserving the right to pursue separate legal action against Ghosn based on what it termed “groundless and defamatory remarks” made during that news conference. Lebanon and Japan do not have an extradition agreement immunizing Ghosn, for now, from being arrested and brought back to the country he fled in December to face prosecution.
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