Business

Nissan’s US$95 mil suit against Ghosn begins in Japan

Company wants to hold former chairman responsible for his misconduct and fraud

Updated 5 years ago · Published on 13 Nov 2020 3:10PM

Nissan’s US$95 mil suit against Ghosn begins in Japan
Former Nissan chairman Carlos Ghosn said the civil suit was an extension of 'the extremely unreasonable internal investigation with sinister intent by a portion of Nissan’s senior management and the unreasonable arrests and indictments by the public prosecutors' – Wikipedia pic, November 13, 2020

TOKYO – Proceedings in a US$95 million (RM392.2 million) suit brought by Japanese car giant Nissan against its former chairman Carlos Ghosn began on Friday in a court near Tokyo.

Nissan filed the suit against Ghosn in February and is seeking 10 billion yen over what it said were “years of his misconduct and fraudulent activity”.

Ghosn is an international fugitive after jumping bail last year and fleeing Japan, where he was awaiting trial on charges of financial misconduct, which he denies.

Nissan says the suit is aimed at “holding Ghosn accountable for the harm and financial losses incurred by the company due to the misconduct”

In a statement, Ghosn said the civil suit was an extension of “the extremely unreasonable internal investigation with sinister intent by a portion of Nissan’s senior management and the unreasonable arrests and indictments by the public prosecutors”.

He said his Japanese defence team, which is representing him in his absence, “will show that the suspicions of wrongfulness and charges... have absolutely no foundation".

Ghosn spent more than 100 days in detention in Japan after his sudden November 2018 arrest, but launched an audacious escape while out on bail in Tokyo, arriving in Lebanon apparently undetected.

He alleges Nissan turned on him over concerns he wanted to more closely integrate the carmaker with French partner Renault.

Renault has also filed a civil claim for damages against Ghosn over alleged financial misconduct.

Ghosn’s former aide Greg Kelly remains in Japan and pleaded not guilty to allegations of financial misconduct at his first court hearing in Tokyo in September.

Two men accused of helping Ghosn flee Tokyo are currently being held in the United States, where they are fighting extradition to Japan. – AFP, November 13, 2020

Related News

Malaysia / 12h

Body found at KLIA2 in tyre storage compartment of aircraft from Japan

Malaysia / 15h

Former TH chairman, former Treasury sec-gen arrive in court for remand hearing

Malaysia / 2d

Lawyers’ breach of trust cases cause RM192m losses since 2023

Malaysia / 1w

Rockys death: No gatherings as Shah, Roghini arrive at Klang court

Malaysia / 1w

Just accept the court decision – Ramkarpal tells Sanusi

Malaysia / 1w

Woman, believed to be foreigner, allegedly causes disturbance at KLIA (video)

Spotlight

Malaysia

Elderly man admits to hitting neighbour with iron rod

Malaysia

Body found at KLIA2 in tyre storage compartment of aircraft from Japan

Malaysia

Factory operator faces rape, unnatural sex charges involving polytechnic student

Malaysia

Ismail Sabri granted RM300k bail after pleading not guilty to asset declaration charge

By Alfian Z.M. Tahir

Malaysia

Sunway Lagoon ride halted as safety probe seeks to protect public - DOSH

Malaysia

Malaysia ready to deploy military expertise for Nepal flood relief, says Defence Minister

Malaysia

Violence in Thailand: Visitors drop by almost 50 per cent

By Ian McIntyre

You may be interested

Business

Oil falls for fourth day as Hormuz supply fears ease

Business

Asia-Pacific growth set to slow as tariffs, geopolitical risks raise economic pressure

Business

Moves in major US stock indices could spill into currency and gold markets

By Alfian Z.M. Tahir

Business

Robo.ai Inc announces appointment of new independent director

By Alfian Z.M. Tahir

Business

Oil slides as Iran-Oman Hormuz talks raise hopes of easing tensions

Business

K8 Cargo: Company still in limbo, claims CEO