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Birthday : 03/09/1954
Place of birth : Porto Velho - Brazil
Biography : Carlos Ghosn Bichara is a French businessperson who has been at the helm of 14 different companies.

Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands

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07/20/2019 | 04:10am EDT
Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House

AMSTERDAM (Reuters) - Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor and Mitsubishi Motors, 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.

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.

(Reporting by Bart Meijer; Editing by Gareth Jones)

Stocks mentioned in the article
ChangeLast1st jan.
MITSUBISHI MOTORS CORPORATION -1.41% 421 End-of-day quote.-26.40%
NISSAN MOTOR CO LTD 0.56% 658.8 End-of-day quote.-23.05%
RENAULT 1.13% 48.345 Real-time Quote.-11.37%
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