Nissan Wednesday sued its former CEO Carlos Ghosn for $90 million “to recover a significant part of the monetary damages inflicted on the company,” according to a press release.
Nissan filed the suit in Yokahama, Japan. It said the amount stems from alleged personal payments and use of company resources like private jets, the cost of investigating Ghosn, and “legal and regulatory costs” incurred in Japan, the U.S., the Netherlands and other jurisdictions.
The company added that “the size of the damages claim is expected to increase in future” as Nissan seeks to recover fines levied by Japanese financial regulators as well as “likely penalties imposed on the company” from criminal cases Nissan blamed on Ghosn’s alleged “misconduct and fraudulent activity.”
Ghosn, who was the head of Nissan as well as Renault, fled last year from Japan to Lebanon. Japanese authorities accused him of underreporting his salary at Nissan, while the company maintains Ghosn misspent funds on lavish trips abroad, ranging from a party at the Palace of Versailles to carnivals in Rio de Janeiro.
“Nissan has intensified its campaign to recover damages from its former Chairman following his illegal flight from justice,” the company said.
Ghosn maintains his innocence, insisting the Japanese legal system is “rigged.”
The company is considering another lawsuit against Ghosn over his”groundless and defamatory remarks” at a Beirut news conference last December. Ghosn told reporters: “My unimaginable ordeal is the result of a handful of unscrupulous, vindictive individuals.”