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Carlos Ghosn sues Nissan and Mitsubishi for breach of contract

Christian Fernsby |
Carlos Ghosn, currently under house arrest in Tokyo, is suing Nissan Motor Co. and Mitsubishi Motors Corp. in a Dutch court for “improper termination” of his contract, French newspaper Le Figaro reported.

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Ghosn is accusing the Japanese manufacturers of breaching his contract as an employee of NMBV, their joint subsidiary based in the Netherlands, and is seeking up to €15 million (¥1.82 billion) in damages, the report said.

The big-spending former chief of both Renault and its partner Nissan is awaiting trial in Japan on charges of financial misconduct.

He was kept behind bars for over 100 days before being granted bail, and fired from all his management roles.

Ghosn is accused of underreporting billions of yen in income at Nissan and of using company funds for personal expenses — charges he denies.

His lawyers argue that while Ghosn resigned from Renault-Nissan BV (RNBV), he had not resigned from NMBV and that “the breach of contract” was unwarranted, Le Figaro said.

Nissan and Mitsubishi argue that Ghosn’s contract was invalid, according to the daily.

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