Press release
59KB
february 12, 2020 - Nissan
Nissan seeks 10 billion yen in damages from former Chairman Carlos Ghosn over misconduct and fraudulent activity
2020/02/12
YOKOHAMA, Japan – Nissan Motor Co., Ltd. has today filed a civil lawsuit against Carlos Ghosn. The suit, filed at Yokohama District Court, Kanagawa, Japan, seeks an initial amount of JPY 10 billion ($90 million) in order to recover a significant part of the monetary damages inflicted on the company by its former Chairman as a result of years of his misconduct and fraudulent activity.
The financial damages claimed by Nissan are linked to Ghosn’s breach of fiduciary duty as a company director and his misappropriation of Nissan’s resources and assets. The size of the damages claim is expected to increase in future as Nissan seeks to recover fines to be paid to the Japanese Financial Services Agency and likely penalties imposed on the company in criminal proceedings related to Ghosn’s misconduct.
This claim for damages announced today has been calculated on the basis of costs incurred by Nissan due to Ghosn and his corrupt practices over many years, including:
- funds linked to fraudulent payments made to or by Ghosn as outlined in Nissan’s statement of September 9, 2019, including the use of overseas residential property without paying rent, private use of corporate jets, payments to his sister, payments to his personal lawyer in Lebanon, etc.;
- resources and costs related to Nissan's internal investigation into Ghosn and his misconduct
- legal and regulatory costs incurred in Japan, the U.S., the Netherlands and other territories
The new claims are in addition to an ongoing civil lawsuit Nissan initiated against Ghosn in the British Virgin Islands on August 30, 2019, where unauthorized payments and transactions were processed through special purpose entities, seeking the title of a luxury yacht and/or damages and other relief.
Nissan has intensified its campaign to recover damages from its former Chairman following his illegal flight from justice.
The legal actions form part of Nissan’s policy of holding Ghosn accountable for the harm and financial losses incurred by the company as a result of his misconduct.
Nissan also reserves the right to pursue separate legal action over groundless and defamatory remarks made by Ghosn in comments to the media following his escape to Lebanon in violation of his bail conditions in Japan.
Related news |
||
|
|
|
january 11, 2019
|
november 19, 2018
|
may 24, 2018
|
|
YOKOHAMA, Japan – Today, Nissan Motor Co., Ltd.’s former Representative Director and Chairman Carlos Ghosn was indicted for aggrav... |
Based on a whistleblower report, Nissan Motor Co., Ltd. (Nissan) has been conducting an internal investigation over the past sever... |
Business and technology leaders share insights into the transformations poised to reshape the futurePARIS – Bloomberg's Sooner Tha... |
Download all 
You might be interested in |
||
|
|
|
july 21, 2017
|
march 01, 2017
|
february 23, 2017
|
|
YOKOHAMA, Japan – Nissan Chairman of the Board Carlos Ghosn, Nissan President and Chief Executive Officer Hiroto Saikawa, and othe... |
What's life like as a global CEO? In this special multi-part series, Nissan Motor Co., Ltd. CEO Carlos Ghosn shares his life story... |
At the recommendation of Chairman of the Board and Chief Executive Officer Carlos Ghosn, the Nissan Board of Directors has decided... |
Italian 
Download all 
Share
Share via mail 
Automotive
Sport
Events
Art&Culture
Design
Fashion&Beauty
Food&Hospitality
Technology
Nautica
Racing
Excellence
Corporate
OffBeat
Green
Gift
Pop
Heritage
Entertainment
Health & Wellness