Dutch justice condemns Carlos Ghosn to return 5 million euros to Nissan-Mitsubishi

Dutch justice ordered, Thursday, May 20, the former chairman and chief executive officer (CEO) of Renault-Nissan, Carlos Ghosn, to return to Nissan and Mitsubishi nearly 5 million euros of income paid in 2018 by Nissan- Mitsubishi BV (NMBV), their Netherlands-based joint venture.

Nissan and Mitsubishi, who ousted Ghosn from their presidency after his arrest for embezzlement, had argued that the income had been unduly paid. The Amsterdam District Court effectively ruled that the fugitive leader was not entitled to the sums collected, “Because no employment contract existed between him and the company [Nissan-Mitsubishi BV] . “The necessary permission of the board of directors was missing”, also specified the court in a press release.

The court explained that the previous contract, which began in July 2012, had expired in April 2018 and that Mr. Ghosn now had to reimburse the salaries he had received between April and November 2018, or nearly 5 million euros. .

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Mr Ghosn demanded 15 million euros

This procedure was initiated by the deposed boss of the Renault-Nissan-Mitsubishi alliance himself, who believed he had been unfairly dismissed under Dutch labor law. Carlos Ghosn thus claimed 15 million euros in compensation for wages and severance pay not received.

Carlos Ghosn, who was also chairman of the management board of French manufacturer Renault at the time of his arrest in November 2018, has always denied the accusations against him. The Lebanese-Franco-Brazilian had found himself prosecuted on four counts: two for deferred income not declared to the stock exchange authorities by Nissan, and two others for aggravated breach of trust.

In December 2019, he foiled the close surveillance he was subjected to in Japan and reached Lebanon, a country of which he is a citizen and which has no extradition agreement with Japan.

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The World with Reuters