Nissan sues Ghosn for $95 million in damages

Friday, 13. November 2020 11:27

NIssan Motor Co said on Friday it is suing its former chairman Carlos Ghosn for 10 billion yen ($95 million) in damages as a result of his financial misconduct.

"The legal actions initiated today form part of Nissan’s policy of holding Ghosn accountable for the harm and financial losses incurred by the company due to (his) misconduct," Nissan stated upon the beginning of a civil trial in Yokohama.

Ghosn was arrested in Japan in 2018 and was charged with financial fraud, including misreporting his income at Nissan. In late 2019, he escaped from the country and is currently in Lebanon. The former Nissan head has consistently denied any wrongdoing and claimed he is a victim of a conspiracy.

Related Links: Nissan Motor Co. Ltd.
Breaking the News / NP