Carlos Ghosn sues Nissan for almost 1 billion euros

by time news

2023-09-24 13:27:50

Everything that surrounds the figure of Carlos Ghosn It’s cinematic. Disgraced auto industry star returned profits to Renault in the late 1990s under the nickname ‘the cost killer’. When he saved Nissan of imminent bankruptcy at the turn of the century, they baptized it ‘Mister Fix it all‘. In 2018, it was detained in Tokyo accused of fraud and tax evasion. A few months later, he escaped in a movie escape in which 25 people, a private jet and a box with breathing holes participated. She landed in the Beirut of his ancestors, from where she tries to clear his name in style. Now, the 69-year-old magnate has sued his former company for 1 billion dollars (938 million euros at the current exchange rate).

He was the author of largest car company agreement of the world with Alianza Renault-Nissan-Mitsubishi. His business successes and global recognition did not prevent him from crossing the globe on December 30, 2019 in a musical instrument box. These days his name has once again made headlines, especially in Lebanon. Ghosn has been in the country where his family is from since he fled. He Lebanon does not have any extradition treaty with Japan and does not extradite its citizens. Faced with the safety of the family home, the automobile magnate has begun a new journey with justice against his former company to restore his reputation and not as retaliation, as he explained at a press conference in July.

Damages

The hearings of the case began these days in the Lebanese capital. Ghosn alleges that he was detained in Japan in 2018 for false charges because of what he considers the automaker’s information against him. He is asking for half of the $1 billion in damages and the other half as compensation which includes salary, retirement funds and stock options. Ghosn filed the lawsuit in Lebanon in May against three companies, including Nissan, and several charges from the Japanese corporation for defamation and accusations of tampering with evidence. Renault and Nissan have distanced themselves from the Ghosn scandal, but the tycoon, with Lebanese, French and Brazilian citizenshipwants to continue making profits.

This summer, Apple TV+ launched a documentary miniseries under the name ‘Wanted: Carlos Ghosn’, where the Lebanese-French-Brazilian tells his story. With no possibility of leaving Lebanon for a international order against him, the tycoon has open cases in Japan and France. In Japan he is accused of trust abusemisuse of company assets for personal gain and violation of securities laws by not fully disclosing his compensation. Since he fled bail to Lebanon in 2019, Beirut has received three Interpol notices for arrest warrants against him from those countries. In Francefaces a series of legal challenges such as tax evasion and alleged money laundering, fraud and misappropriation of company assets while he was at the head of the Renault-Nissan alliance.

Worried about your reputation

Ghosn is a man very concerned about his public image, especially after having been considered one of the most prominent business magnates in the world for his two decades at the helm of Nissan. “The serious and sensitive allegations” against me “will linger in people’s minds for years,” the former CEO stated in the lawsuit. “I will suffer from them for the rest of my life, since they have persistent impacts, even if they are based on mere suspicion,” he stated in the text presented. Ghosn believes that the judicial system in Japan is “loved one” and “violates the most basic principles of humanity.” The Lebanese authorities can request the cooperation of their Japanese counterparts to investigate the plaintiff’s claims. Although it is not clear if Japan is willing to collaborate.

In 2020, the United Nations Human Rights Council’s Working Group on Arbitrary Detention concluded that Ghosn’s detention in a Japanese prison for more than 100 days It was neither necessary nor reasonable and violated your rights. The decision of arrest him four times in a row to extend his detention was “fundamentally unjust.” Ghosn is not willing to end his film, so the world will witness all the script twists who will give his story.

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