Carlos Ghosn has to repay five million euros

The former auto boss has to repay unlawfully received compensation to Nissan-Mitsubishi. That’s what a court decided.

Carlos Ghosn

Carlos Ghosn has to repay almost five million euros to Nissan-Mitsubishi BV after a court ruling. That was the verdict of an Amsterdam court on Thursday. Because he did not have an employment contract, the former top manager had no right to remuneration, transition payments or outstanding salary after his departure.

According to earlier information, Nissan-Mitsubishi BV is a joint venture between the two Japanese automakers based in the Netherlands.

Ghosn, the architect of the Franco-Japanese car alliance Renault-Nissan-Mitsubishi, was arrested and charged in Tokyo in November 2018, among other things, for violating stock market requirements. In April 2019, he was released from custody under strict conditions on bail. Ghosn fled to Beirut in a private jet under dubious circumstances at the end of December 2019. It is said to have been hidden in a box. Ghosn had repeatedly denied the allegations against him in Japan.

The court ruled that the amount he has to repay corresponds to the net remuneration he received from the company from April to November 2018. Ghosn had been employed by Nissan International Holding BV since July 2012 – but this contract expired in April 2018.