※This is a machine-translated text of the original article.
Nissan Motor Co Ltd, on the 12th, announced to Carlos Gone that it filed a lawsuit against Yokohama District Court for damages.
The lawsuit calls for compensation of 10 billion yen to recover damages caused by a long-standing fraud by a former chairman.
The damages for the compensation are related to the breach of the Financial Instruments and Exchange Act related to false statements in his executive compensation, the breach of his due diligence as a director, and the private misappropriation of the company’s funds and assets.
Regarding the amount of claims, the company is expected to further increase in the future due to damage caused by surcharge payments to the financial agency based on the recommendations of the Security and Surveillance Committee, as well as penalties that may be imposed by criminal procedures against the company.
As examples of specific damages, the company’s website lists the resources it took to conduct internal investigations on fraudulent practices, as well as the costs of responding to regulatory investigations that occurred in Japan, the United States, the Netherlands, and other regions.
In response to Mr. Ghosn’s flight from Japan to illegal departures and the judicial system, the company said it is stepping up efforts to seek liability, including claims for damages to the former chairman.
Mr. Ghosn said the company has reserved the right to take separate legal proceedings against an unfounded statement to the media after he fled to Lebanon in violation of the bailment terms.
Original Text: https://ampmedia.jp/2020/02/13/nissan-2/