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Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper

Published 07/20/2019, 04:11 AM
Updated 07/20/2019, 04:16 AM
Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper

AMSTERDAM (Reuters) - Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor (T:7201) and Mitsubishi Motors (T:7211), who ousted him as chairman of their alliance last year on charges of embezzlement, Dutch newspaper NRC reported on Saturday.

Ghosn is seeking 15 million euros ($16.8 million) in damages from the carmakers, as grave mistakes were made when he was sacked, NRC reported, citing his lawyer.

"In the Netherlands, if you want to fire an executive you have to first tell him what he's being accused of, and you have to provide him with the evidence for the accusations. Neither of those things has happened," lawyer Laurens de Graaf told NRC.

Ghosn fell from grace late last year when he was arrested in Japan and sacked by Nissan on charges of financial misconduct, which he denies. He has also been fired as the CEO and chairman of French carmaker Renault (PA:RENA).

Ghosn was freed in April from jail in Japan on a $4.5 million bail.

Among other charges of fraud and misconduct, Nissan and Mitsubishi have said Ghosn improperly received $9 million in compensation from their joint venture.

Suspect expenses Ghosn made when he chaired Renault and Nissan amounted to about 11 million euros, Renault's board said in June.

Ghosn holds French, Lebanese and Brazilian citizenship, but opted for the fiscally more friendly Netherlands as his tax domicile in 2012. The holding company for the Nissan-Mitsubishi alliance is also incorporated in the Netherlands.

The district court in Amsterdam is reviewing the case but has not set a trial date yet, NRC said.

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Latest comments

Renault and Ghosn should sue the Japanese Government for 150 Billion in Tax revenue that the Japanese Government profiteered from Renault's and Carlos Goshn rescue work on Nissan Motors and that not included tax revenue from all the employees and jobs that where created. The japanese Government is also at fault for corruptly take over Nissan from Renault after years of rescue work from Renault and Ghosn.The japanese is clearly at fault here and should be brought in front of the international court.And it should be a lesson to anyone wanting to do business in Japan. Japanese only waiting until you build up the business then if it's good they come and steal it from you.
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