Carlos Ghosn sues Nissan for $1 billion in Lebanon, authorized document shows

Carlos Ghosn sues Nissan for  billion in Lebanon, authorized document shows


Carlos Ghosn, former chairman of Nissan Motor Co., leaves his lawyer’s business office in Tokyo, Japan, on Thursday, May possibly 23, 2019.

Toru Hanai | Bloomberg | Getty Visuals

Previous Nissan Chairman Carlos Ghosn has sued the enterprise for much more than $1 billion in a lawsuit submitted to Lebanon’s general public prosecutor previous month, according to a duplicate of the lawsuit observed by Reuters.

The lawsuit filed on May well 18 accuses Nissan along with two other providers and 12 named folks of crimes which include defamation, slander, libel and the fabrication of materials evidence.

A judicial resource stated the prosecutor has scheduled a court session on Sept. 18 to start out proceedings.

A spokesperson for Nissan stated the enterprise will not be commenting on the issue.

Ghosn, as soon as a titan of the world wide car sector, was arrested in Japan in late 2018 and charged with financial misconduct. He denied the demand and claimed his detention was element of a plot by Nissan executives to block a merger.

He escaped Japan concealed in a box aboard a personal jet in December 2019, fleeing to Lebanon, his childhood residence.

Ghosn had been awaiting demo in Japan on expenses of less than-reporting earnings, breach of belief and misappropriation of firm funds – accusations he has denied regularly.

After arriving in Lebanon Ghosn explained he was escaping a “rigged” justice system in Japan and that he meant to distinct his name.



Resource

Meta lays off 600 employees within AI unit
World

Meta lays off 600 employees within AI unit

Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks to reduce layers and operate more nimbly, a spokesperson confirmed to CNBC on Wednesday. The company announced the cuts in a memo from its Chief […]

Read More
Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption
World

Auto giant Volkswagen warns of output stoppages amid Nexperia chip disruption

A new Volkswagen ID.3 electric car prepares to pass final inspection at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday warned of temporary production outages citing China’s export restrictions on semiconductors made by Nexperia. The update comes shortly […]

Read More
Argentine peso hits fresh lows despite U.S. support — and it could be about to get worse
World

Argentine peso hits fresh lows despite U.S. support — and it could be about to get worse

The Argentine peso reached fresh lows on Wednesday as political uncertainty failed to offset the impact of an an “unprecedented” billion-dollar support package from U.S. The currency reached its lowest level since the U.S. began purchasing it on Oct. 9, and has consistently fallen since then. The purchases are part of an effort from the […]

Read More