Carlos Ghosn sues Nissan-Mitsubishi in the Netherlands: paper
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[July 20, 2019] AMSTERDAM
(Reuters) - Carlos Ghosn has launched a court case in the Netherlands
against Japanese carmakers Nissan Motor <7201.T> and Mitsubishi Motors
<7211.T>, 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 <RENA.PA>.
Ghosn was freed in April from jail in Japan on a $4.5 million bail.
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Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention
House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato
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)
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