Nissan files lawsuit against former Chairman Carlos Ghosn seeking $90 million in damages

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Nissan files lawsuit against former Chairman Carlos Ghosn seeking $90 million in damages
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Nissan filed a civil lawsuit against former Chairman Carlos Ghosn on Wednesday, seeking an initial amount of 10 billion Japanese yen ($90 million).

The claimed damages are linked to Ghosn's "breach of fiduciary duty as a company director and his misappropriation of Nissan's resources and assets," the Japanese automaker said in a statement.

Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019.filed a civil lawsuit against former Chairman Carlos Ghosn on Wednesday, seeking an initial amount of 10 billion Japanese yen . The claimed damages are linked to Ghosn's "breach of fiduciary duty as a company director and his misappropriation of Nissan's resources and assets," the Japanese automaker said in a statement.

The figure has been calculated based on funds linked to "fraudulent payments made to or by Ghosn" including the unpaid use of overseas property, private use of corporate jets, payments to his sister and personal lawyer, along with the costs of Nissan's investigation into Ghosn and subsequent regulatory and legal costs.

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