TOKYO: Japanese car giant Nissan on Wednesday (Feb 11) filed a civil lawsuit to reclaim some 10 billion yen (US$90mil) from former chairman Carlos Ghosn for what it called "years of his misconduct and fraudulent activity". The 65-year-old faces multiple charges of financial misconduct in Japan but fled to Lebanon before he could face trial. Nissan said the damages had been calculated on the basis of the cost to the firm of Ghosn's "corrupt practices". It accused Ghosn of "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". Once hailed as a corporate saviour for rescuing Nissan from the brink of bankruptcy, Ghosn was facing a trial in Japan over a series of alleged crimes, including under-reporting his compensation to the tune of around US$85mil million.

Source: The Star February 12, 2020 08:03 UTC