Carlos Ghosn sues Nissan for over $1 billion

Former CEO of Nissan Carlos Ghosn has sued his previous employer in a Lebanese court for more than $1 billion.

You may remember that back in late 2018, Ghosn was expelled from Nissan after being charged with financial misconduct in Japan.

He denied the charges and claimed they were a ploy to derail the merger between the carmaker and Renault that he led.

While awaiting trial in 2019, Ghosn fled to his home in Lebanon inside a box on a private jet.

The 69-year-old maintains that he was set up by Nissan and that his escape from Japan was done so to get away from a “rigged” justice system.

He is now suing Nissan and entities connected with his ousting for defamation, libel, fabricating material evidence, and more.

The lawsuit, a copy of which was seen by Reuters, was reportedly filed with the public prosecutor in the Court of Cassation on 18 May 2023.

Ghosn seeks $US588 million ($NZ953.4 million) in lost compensation, as well as $US500 million ($NZ810.7 million) in punitive damages.

“We have a long battle in front of us. We are going to fight it to the end,” Ghosn told Reuters.

“What I am asking for is only a little compensation compared to what they’ve done to me.”