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Business News/ Companies / News/  Nissan seeks $91 mn in damages from Ghosn over alleged financial misconduct
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Nissan seeks $91 mn in damages from Ghosn over alleged financial misconduct

Nissan said it expects the amount claimed in damages to 'increase in future'
  • Ghosn had been facing criminal charges in Japan for understating his annual salary and misusing company funds
  • Ghosn had been facing criminal charges in Japan for understating his annual salary and misusing company funds (Reuters)Premium
    Ghosn had been facing criminal charges in Japan for understating his annual salary and misusing company funds (Reuters)

    Nissan Motor Co on Wednesday said it had filed a civil lawsuit in Japan against former Chairman Carlos Ghosn seeking 10 billion yen ($91.02 million) in damages over his alleged financial misconduct.

    Ghosn had been facing criminal charges in Japan for understating his annual salary and misusing company funds, until he fled to Lebanon in December. He denies any wrongdoing.

    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 Ghosn's alleged misconduct.

    Japan's No. 2 automaker added that it may pursue separate legal action over what it called "groundless and defamatory" remarks Ghosn made in a news conference in Beirut last month.

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    This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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    Published: 12 Feb 2020, 02:37 PM IST
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