Nissan Sues Its Former Chairman for 10 Billion Yen

Disgraced former Nissan President Carlos Ghosn may have escaped Japan, but that’s not stopping his former employer from suing him to the tune of 10 billion yen (around 5 billion pesos).

The suit, filed at the Yokohama District Court in Japan represents a significant part of the “monetary damages inflicted on Nissan as a result of years of his misconduct and fraudulent activity.”

This claim for damages has been calculated on the basis of costs incurred by Nissan including:

• Funds liked to fraudulent payments made to or by Ghosn, 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 initiated by Nissan against Ghosn. That one seeks, among other things, the title of a luxury yacht.

Nissan says their intensified campaign to recover damages from its former Chairman stems from his decision to flee Japan. The Japanese automaker may also pursue legal action over the “groundless and defamatory remarks” made by Ghosn at his press conference in Lebanon.

February 12, 2020