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Defamation Lawsuit: Carlos Ghosn Takes Legal Action Against Nissan, Seeking $1 Billion in Damages

Carlos Ghosn

Carlos Ghosn, the former chairman of Nissan, has taken legal action against the company in a lawsuit filed in Lebanon, seeking more than $1 billion in compensation. The lawsuit accuses Nissan of defamation, slander, libel, and fabrication of material evidence, according to a report by the BBC. Ghosn, who was arrested in Japan in November 2018 on suspicion of financial misconduct and subsequently dismissed by Nissan’s board, has been making efforts to clear his name since his ousting. He escaped Japan and currently resides in Lebanon.

A hearing for the case is scheduled to take place in September. The amount Ghosn is seeking as compensation represents 5% of Nissan’s $16 billion market value, as reported by the BBC. Nissan has not yet provided any comments regarding the lawsuit.

Carlos Ghosn is widely credited with revitalizing Nissan from a state of near bankruptcy in the early 2000s and also served as the CEO of Renault, a French carmaker. His official biography states that he was the first person to simultaneously lead two global Fortune 500 companies.

Carlos Ghosn

Ghosn has vehemently denied all allegations against him and criticized Japan’s justice system, referring to it as “rigged.” However, due to an Interpol Red notice issued by Japan, he remains in Lebanon, as the country does not extradite its citizens. Ghosn, who holds Lebanese, French, and Brazilian nationality, is prohibited from traveling by Lebanese judicial authorities. If he were to enter Japan, he would face trial for charges of under-reporting earnings, breach of trust, and misappropriation of company funds.

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