Fugitive ex-auto tycoon Ghosn sues Nissan for irreparable damage

Yeah, like he didn't cause any damage to Nissan. They can easily counter-sue.

Even this year, their ex COO is being surveilled for no reason. That ex-COO can make new litigation about that.

https://www.reuters.com/business/autos-transportation/nissan-investigates-claims-ceo-put-deputy-under-surveillance-2023-06-23/

Yeah, like he didn't cause any damage to Nissan. They can easily counter-sue.

The thing damage it wasn't done by him, it's been almost 5 years from Ghosn being ousted and that company has never reached to 2018 level.

https://www.business-live.co.uk/manufacturing/angry-nissan-shareholders-blast-management-17766842

He saved Nissan, but they didn't like that a foreigner did a better job than their home grown Japanese management!

like he didn't cause any damage to Nissan.

He bought it as a bankrupt company and did a V shaped evolution on it, saving it from running into the ground and making it profitable again. Maybe irked a lot of the Yakuza-linked management over there who would have profited more from a bankruptcy.

Good, I hope Ghosn wins.

Even this year, their ex COO is being surveilled for no reason. That ex-COO can make new litigation about that.

https://www.reuters.com/business/autos-transportation/nissan-investigates-claims-ceo-put-deputy-under-surveillance-2023-06-23/

Thanks for the link to the article. Interesting read. Looks like they were getting ready to oust Gupta by surveiling him and drumming up harassment charges. Gupta was smart enough to see the writing on the wall.

Hopefully Nissan will get their just desserts when they return to the inept Japanese management that nearly bankrupted them in the first place.

“He bought it as a bankrupt company” 

Ghosn didn’t buy Nissan with his own money. He was an appointed head of the Nissan- Renault alliance and turned the ailing automaker around by cost cutting: closing plants and firing thousands of workers.

Ghosn did an excellent work fixing Nissan.

Now is doing an excellent job exposing the J-justice.

Thank you Carlos!

 1999 Renault became the top shareholder in Nissan, which was then on the brink of bankruptcy.

America is falling fast:

Watch its weather-unprecedented, cataclysmic, highly unrecoverable due to economic collapse, and purge-chaos.

ref:

https://www.climate.gov/news-features/blogs/beyond-data/2021-us-billion-dollar-weather-and-climate-disasters-historical

This despicable and greedy man is still asking for more money!!

He ruined his own career by running away instead of manning up in court. Now, no company wants to hire him.

Everyone who helped with his escape has served their time and moved on with their lives.

But, Ghosn MINUS all his jetsetting and luxurious living will stay in Lebanon forever where the quality of life is near the worst in the world.

"You made your own bed and must lie in it!!"

Jealous Japanese colleagues and government officials were angry because a foreigner lead a Japanese company better than the Japanese employed.

This despicable and greedy man is still asking for more money!!

How do you know he doesn't have a valid claim, when there hasn't been a trial yet? Have you seen all the evidence he intends to show?

"Nissan will have to pay for what it has done to me and my family," he said. "I just want to make sure all the criminals and plotters cannot sleep quietly in their beds."

God's speed Carlos!

He saved Nissan, but they didn't like that a foreigner did a better job than their home grown Japanese management!

exactly!

Jealous Japanese colleagues and government officials were angry because a foreigner lead a Japanese company better than the Japanese employed.

Pretty much

Ghosn did an excellent work fixing Nissan.

Fixing Nissan? He saved it from bankruptcy.

Now is doing an excellent job exposing the J-justice.

And exposing it for the benefit of Japanese and foreigners alike.

Thank you Carlos!

Very much!

This story just gets funnier and funnier as time goes on.

What a show. It is a basic tenet of international civil actions that a claim must be brought in the jurisdictional forum where the alleged "damages" occured. And that would be Japan where there remains an arrest warrant for this little weasel for bailjumping. Bringing a case in a Lebanon court is utterly pointless and in and in any civilized country woould be dismissed on jurisdictional grounds. But I have no doubt some monetary incentives might overcome that barrier. Even then, the question remains what good any ruling in his favor against a Japanese corporation issued by a Lebanese court would do anyway since there is no relationship of comity between the two nations and nothing is enforceable. Just another circus show for the gullible.

Contrary to the blind belief of his fans Ghosn has not showed the world the injustices of the J-justice system. He made a mountain of claims to that effect (as an excuse for his actions) and instead of facing trial and proving it before the whole world that was watching closely, he scurried off hidden in a box to escape the J-court's jurisdiction. The only thing that he accomplished is to reinforce a stereotype image of gaijin in Japan not being trustworthy and honorable and reducing the odds of foreigners charged in Japan in the future being released on bail.

And for those who think Ghosn should have stayed in Japan and had his day in court I would refer them to the case of Iwao Hakamada

Prosecutors to pursue retrial of man who spent decades on death row - Japan Today

Good, he will win that!

Ossan, I’m amazed at your ability to overlook the nature of his arrest by a cabal of backstabbing, colluding, snake like figures that would go to any lengths to out the guy. Whichever way you look at it , it was an utter disgrace. Dark, shadow like, secretive, cruel betrayal . I’m one of those Ghosn fanboys and like him, one that thinks revenge is a dish best served cold , and hope the perpetrators of this ghoulish behavior and those that enable the system of actors trying to cover it up don’t sleep well at night. Hope they have nightmares, because it’s energy that simply won’t go away until the true nature of their actions and justice comes to light. Deep in their heart of hearts those that planned the downfall of Ghosn and Greg Kelly ( entrapped after being lied to then arrested despite prosecutors knowing that new he needed a back operation remember ) surely know that they have made a moral misjudgment . I wonder if they would do it all again?

Ghosn was never going to get a fair trial here and he acted accordingly. Let the truth come out organically instead of some stiff, self serving and inhumane legal system.

Ghosn was never going to get a fair trial here and he acted accordingly.

It's true. But it also doesn't mean that he didn't do it.

I personally haven't seen enough evidence to figure it out either way. I do have problems with how the Japanese government treats foreigners, but I also feel that the true enemy is the rich, which Ghosn is very, very rich, so I have a hard time getting that concerned about it.

Former Nissan Motor Co Chairman Carlos Ghosn was and continues to be the proverbial thorn in Nissan flesh.

Ghosn is the very definition of corporate slash and burn approach to management, Ghosn got the job done, with ruthless downsizing.

The cost to Nissan was handing over a rather large chuck of the company equity to Renault.

Now the air raid sirens started to sound off when Ghosn proposed merging the businesses.

When Ghosn foot hit the tarmac, straight to prison don't pass go etc.

The rest is history.

Nissan and Renault still unable to seal new capital relationship

https://asia.nikkei.com/Business/Nissan-Renault-alliance/Nissan-and-Renault-still-unable-to-seal-new-capital-relationship

I suspect Nissan board and some in J Government political circles would rather wish Renault just disappear.

"Nissan will have to pay for what it has done to me and my family," he said. "I just want to make sure all the criminals and plotters cannot sleep quietly in their beds."

You did it to yourself buddy.

Good on him! You don't bite the hand that feeds you.

Ghosn was the hero that saved Nissan.

He saved it from bankruptcy.

Even if Nissan went bankrupt, the Japanese government would have step in, just the way the US government did with Ford, GM and Chrysler, and save the company. In others, he made no difference, Nissan was going to be saved no matter who was CEO.

Whatever Former Nissan Motor Co Chairman Carlos Ghosn insufferable ego is whispering in his ear.

It is not the top that makes a company successful. It your work force, productivity, loyalty, that makes the difference.

The line between legal and illegal in blue collar crime is blurry at best, so I wouldn't assume that Ghosn is 100% innocent, but it seems that the Nissan executives dishonestly used the police (i.e., the state) to do their dirty work and flush him out of their company.

During their trial in Tokyo, Michael and Peter Taylor apologized and acknowledged guilt, saying they had been misled by Ghosn. They denied they had benefited monetarily because the payment just covered expenses.

(news source)

Just like a lot of people following Ghosn like it's a cult are being misled like on JT and they don't even think about legal facts.

Nissan has long sought greater independence since Renault saved it from financial ruin with a well-timed cash injection in 1999 and sent in Ghosn to turn the business around.

(news source)

If it hadn't been Ghosn, Renault would have sent someone else and more than likely would not have committed any crime and about the same outcome. Proof:

Henry Wallace (1996–1997); appointed by Ford Motor Company, and the first non-Japanese CEO of a Japanese automaker

James E. Miller (1997–1999)

Mark Fields (1999–2002)

Lewis Booth (2002–2003)

(Wikipedia listing the timeline of non Japanese CEOs of Mazda - and are any of them in jail?)

There are lots of gaijin bosses in Japan and at the same time have no problems with the law. The Ghosn freaks are just caught up in a cult. They even think the police are on Nissan's payroll and have been hired as Ninja strongmen to get Ghosn out of the way.

He should do that on a big International court not on Lebanon. They don't have the power to enforce anything even if he wins.

he will flush the Japanese justice system　(Kabuki)

I hope I live long enough to see this show up in the Hague, and for that matter, Ghosn himself.

Ricky Kaminski13Today  09:07 am JST

Ossan, I’m amazed at your ability to overlook the nature of his arrest by a cabal of backstabbing, colluding, snake like figures that would go to any lengths to out the guy.

Likewise, I am amazed at your ability to believe anything that a charged person says then jumps bail. If everything Ghosn claimed were true he would have faced trial and used that forum to prove his points.

The lawsuit is "based on many crimes that Nissan has committed in Lebanon,"

What crimes has Nissan committed in Lebanon? Genuinely asking.

"Nissan will have to pay for what it has done to me and my family," he said. "I just want to make sure all the criminals and plotters cannot sleep quietly in their beds."

What Nissan did to Ghosn was very shady, but did they actually break the law? Ghosn, on the other hand, did in fact break laws, although he did no worse than what many executives in Japan are guilty of.

He spoke from Lebanon, where he sensationally fled to in December 2019 while out on bail awaiting trial for allegedly underreporting remuneration and misusing Nissan's funds.

So Ghosn flees from the laws of the country where he lived, worked, and made much of his wealth, but he expects Nissan to subject itself to the legal system of a country of his choosing?

seeking over $1 billion in damages over allegations that include defamation

Ghosn defamed himself even worse than Nissan did. His fleeing the country was huge international news. This seems to be about Ghosn being greedy, as he always was.

"At least he was lucky not to end up in prison," Ghosn said

Amen.

As a foreigner, it’s not the sort of company you’d like to head up is it. Watch out…

Likewise, I am amazed at your ability to believe anything that a charged person says then jumps bail. If everything Ghosn claimed were true he would have faced trial and used that forum to prove his points.

Ah, I see thanks. I guess you haven't been on the receiving end of the dark side of the J work culture. Anything goes when you can huddle together as a group. The moral compass ( if it ever existed ) goes out the window.

What are we other than the sum total of our experiences? Happy for you in a way!

J corporations don't like it up em !

Did Ghosn turn Nissan around? Undoubtedly. Was he backstabbed or sold out by former colleagues? Most definitely. But does that mean that he was clean? Most likely not.

The reason Japan's prosecutors charged and arrested him in the first place is because they had enough evidence (for counts of 5 separate allegations) to support their claims and get him arrested. For me, the fact that he was backstabbed just proves the point that he had enough dirt, and enough people in on it that they were able to enter deals with prosecutors to backstab him. I doubt that people just forged evidence just to get rid of him, as forgeries would be easily caught by any auditor worth his money. Understating income, using Nissan funds for personal reasons, improperly transferring investment losses, corruption and money laundering aren't exactly things you can be charged with on a basis of hearsay.

People and Ghosn himself say that he wouldn't have gotten a fair trial, but just because the steps leading up towards the trial were riddled with unfairness and deceit doesn't mean the trial would have been unfair. To me, the fact that Nissan execs were able to put him in this situation would mean that everyone played dirty, and that whoever came forward and informed the prosecutor first secured themselves a nice deal that would shield them from repercussions. And in any case, one could say that Ghosn should have done things differently to minimize his attack surface. In the end, we will never know what happened because Ghosn fled, Nissan can't publish every relevant record because they are in a lose/lose situation, and it's not like Japanese prosecutors are known for airing dirty laundry on an international stage.

So without the trial, all we can do is speculate. However, there is one lesson we can all take away from this. Nissan is the best negative example of corporate compliance that I have ever seen thus far and highlights just how important compliance is to ensure that stuff like this doesn't happen. I think the one thing that everyone should agree on is that, no one in this scenario was an innocent white lamb. Be it Ghosn, Kelly, any Japanese execs, or other people who knew what was going on and participated. All of these people contributed to the lack of integrity and compliance at the honorless company we now know as Nissan.

The reason Japan's prosecutors charged and arrested him in the first place is because they had enough evidence

Not so sure of that. Where is that evidence?

It's been years since he was arrested. And there was no trial date.

That is because there was no evidence.

Not so sure of that. Where is that evidence?

It's been years since he was arrested. And there was no trial date.

That is because there was no evidence.

Evidence is only presented to a select few during until trial. That is amongst the prosecutors, the defense, and the court itself. The fact that Kelly was convicted in 2022 for colluding with Ghosn would indicate that Ghosn would have eventually faced trial too. And that Ghosn would also have been convicted for at least the underreporting thing. Which means there was evidence.

If Ghosn had simply stayed in Japan to face justice, he would likely have been convicted and released by now. Instead, he's serving a life sentence as a prisoner of his own pride and ego.

Kelly was convicted in 2022 for colluding with Ghosn

Kelly was declared innocent of most charges but 1.

And that 1 only charge is not very solid.

That means that most of Ghosn charges won't sustain.

Yes lets not forget Former Nissan Motor executive Greg Kelly.

Nissan Ex-Executive Gets Suspended Sentence in Carlos Ghosn Case

Mr. Ghosn had long claimed that his arrest was part of a coup by Nissan executives and the highest levels of Japan’s government aimed at stopping the automaker from merging with its French partner, Renault.

https://www.nytimes.com/2022/03/03/business/nissan-greg-kelly-verdict.html

Well Carlos Ghosn should have heeded his own advice.

NISSAN want to be Japanese but it just doesn't know or forgotten how!? LOL

""Nissan was on the brink of bankruptcy with 2 Trillion yen in interest-bearing debt in 1999. ""

""Then Mr. Ghosn joined Nissan as Chief Operating Officer in June 1999 and served as CEO from June 2001 until April 2017 when he was succeeded by Hiroto Saikawa. Mr. Ghosn was the lead architect of the Nissan Revival Plan, which transformed the company from near-bankruptcy to a net profit of 747 billion yen within two years.""

If this is not SUCCESS then I don't know what success looks like!!

I wish him the best of luck and if the justice system finds him NOT GUILTY then I hope he wins big.

Good luck Mr.Ghosn. Hope that you win. But which ever way it goes, you have won by exposing Japan - it's disgraceful legal system, and Nissan for it's disgusting behaviour. I wish you well.

Lebanon is amongst the most corrupted countries in the world. Sooo, he should easily win the case there.

It’s just sad that Nissan lost all dignity and trust of many people through this whole Ghosn scandal which could have been very easily avoided. It’s common knowledge that some senior Nissan executives wanted Ghosn out of the company so they masterminded the whole scandal with Japanese prosecutors. They shouldn’t have done all this collusion. Just should have had a board members meeting and removed Ghosn or just asked him to step aside. At that point in time Ghosn had so many job offers even from GM motors which had offered him double the salary he was receiving at Nissan but he loved Nissan and didn’t take the offer. Had the board members just removed him through proper channels then this whole situation could have been avoided!

Good luck Mr.Ghosn. Hope that you win. 

I don't understand this unconditional support for Ghosn. People are on his side just because he was at one time considered a successful foreign businessman in Japan? Bad foreigners do more harm to your cause than they do good. Many Japanese execs abuse their positions and companies often turn a blind eye and cover up the paper trail, which is a bad thing, but Ghosn did not respect conventions and went way too far with his greed and pride. He had to have known exactly what he was doing, if he was actually such a clever businessman.

Thanks for the free ammo.

Many Japanese execs and political friends have a dial ex judge prosecuter free pass, to steal, pillage and abuse authority get out of jail time pay no fines worth anything because law and media and other powers always turn a blind eye and cover up everything which is a very bad bad thing, but…

If Carlos got greedy well… it is a very bad thing but… I agree.

he shoulda got exactly the treatment of mr Fuji oil ex tepco Mr cant say his name on JT or else…

MR platinum parachute.

Why not give Carlos the minus time suspended 4 years served never?

Too Easy to cheer for the guy now. All yer ol boys made him the biggest example.

Hey. Too quiet around here. .

All the whatabouters taking sick days today???

It is not a question of unconditional support. It is a matter of Nissan using it's biased, backward legal system to basically try to scam him. It is Japan's inferiority complex that hates successful foreigners.

Literally the only thing Ghosn has in common with most of us, is being non-Japanese. The guy is an elite, super-rich human being. We argue day in day out with each other over left/right ideology, but most of us arguing about that stuff are in the same boat and this guy is in a yacht, playing an entirely different game. That's the real divide - the elite rich vs the everyday man.