Feb 12, 2020

Nissan seeks $90m damages from former boss Carlos Ghosn

Japanese car maker Nissan has filed a civil lawsuit against its former chairman Carlos Ghosn. The suit, filed at Yokohama District Court, seeks an initial amount of $90m. The company said it aims "To recover a significant part of the monetary damages inflicted on the company by its former chairman". Mr Ghosn is currently in Lebanon after jumping bail in Japan, where he faces charges of financial misconduct. Nissan said it expects the amount claimed in damages to "Increase in future" as it seeks to recover fines it expects to have to pay to regulators due to Mr Ghosn's alleged misconduct. Nissan has also accused Mr Ghosn of misusing the company's money for overseas events.

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