Former chairman demands Nissan $1 billion

Carlos Ghosn, the fugitive former chairman of Nissan, has filed a $1 billion lawsuit against the Japanese automaker from Lebanon and said he will “fight to the end”.

The lawsuit, filed on May 18, accuses Nissan, two other companies and 12 individuals of defamation, slander, libel and falsification of evidence, Reuters reported. CNN sources said the trial is scheduled to begin on September 18.

"We have a long fight ahead of us and we will fight to the end. What I want is a small compensation compared to what they did to me," Ghosn said in an interview with Reuters. Ghosn wants $588 million in lost income and $500 million in damages for reputational damage.

Carlos Ghosn in an interview with Reuters on June 14. Photo: Reuters

Ghosn was once one of the most influential leaders in the global auto industry. After successfully restructuring Renault in the late 1990s, his name became synonymous with the nickname "Le Cost Killer". Ghosn became the first person in the world to run two companies listed on the Fortune Global 500 when he assumed the roles of CEO at Renault and Nissan in 2005.

He was arrested in Japan in late 2018 on charges of financial misconduct, including underreporting his income and using company assets for personal gain. He denied the charges, saying they were a plot by Nissan executives to block a merger. Tokyo prosecutors have so far denied this.

In late 2019, he fled Japan to Lebanon, where he lived as a child. At the time, Ghosn said: "I am not running away from justice, I am running away from injustice and political persecution. Now I can communicate freely with the media." To date, he has not left Lebanon due to an Interpol warrant.

Ha Thu (according to Reuters, CNN)

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