Nissan plans to file damages suit against Carlos Ghosn over misuse of funds, source says
Nissan Motor Co. plans to file a civil suit against ousted Chairman Carlos Ghosn to claim damages resulting from the alleged misuse of company funds, a person with knowledge of the issue said, adding to the high-profile executive’s legal headaches.
Ghosn, who remains chairman and chief executive of Nissan’s French partner Renault SA, has already been charged with three counts of financial misconduct and has been held at a detention center in Tokyo for nearly two months.
On Tuesday, a Tokyo court denied his request for release on bail, raising the possibility that he may remain in custody for months before his trial begins.
Ghosn denies the charges against him, which include understating his salary for a total of eight years and temporarily transferring personal financial losses to Nissan’s books.
“The broader investigation (into Ghosn’s alleged financial misconduct) continues to expand, so we will file a suit after that issue has been sorted out,” said the person familiar with the issue, who spoke on condition of anonymity due to the sensitivity of the matter.
A civil suit could seek losses related to the alleged use of company funds to pay for the executive’s residences, donations to universities and payments to a Saudi businessman who sources previously said helped Ghosn out of financial difficulties.
Nissan declined to comment on the issue.
Ghosn regularly spent more than 100 days a year flying between Nissan’s headquarters in Yokohama and cities such as Paris, and had residences in Tokyo, Paris, Rio de Janeiro, Amsterdam and Beirut.
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This is getting juicier by the day. If he escapes criminal prosecution, doubt it, they are going to OJ him.
https://www.japantimes.co.jp/news/2019/01/16/business/corporate-business/nissan-plans-file-damages-suit-carlos-ghosn-misuse-funds-source-says/