Carlos Ghosn Sues Nissan For $1 Billion In Lebanon

Several sources are reporting this morning that Carlos Ghosn has filed a $1 billion lawsuit against Nissan in Lebanon. The former CEO and chairman of Nissan and Renault, who was behind the Renault-Nissan-Mitsubishi Alliance was infamously arrested on the Asian island in 2018. Hiding in a musical instrument box, Ghosn would then escape Japan in December 2019, settling in Lebanon since then.

According to Bloomberg, Ghosn filed his claims with the public prosecutor in the Court of Cassation on May 18, claiming more than $1 billion for “deep damage” to his finances and reputation. Reuters has reported that the first session in the case is expected to be held on September 18, 2023.

Lebanon had received an Interpol Red Notice for Ghosn back in 2022, but the businessman has had a relatively easy time in the country, with no extradition treaty existing between Lebanon and Japan.

As reported by Bloomberg, Ghosn is said to have claimed in the lawsuit that “the serious and sensitive accusations” against me “will linger in people’s minds for years.“ He also added that he “will suffer from them for the remainder of his life, as they have persistent and lingering impacts, even if based on mere suspicion.” Ghosn is claiming $588 million and $500 million in lost compensation costs. We wonder which exchange rate he’s using for his calculations.

Ghosn has also filed claims against individuals within Nissan, who he claims unfairly ousted him from his position. Ghosn, who has described the Japanese legal system as “rigged,” told Bloomberg that “they cannot plot a lie and cheat and get away with it,” adding that “this is just a small response to the damage they created. I don’t think they can right the wrong, because the damage is so deep — this is intended to repair part of the damage that has been done.”

We’ll keep you updated with this case as it goes on, and you can be sure to find all the Lebanon news you need right here.