Lotus Suing Dany Bahar Over Extravagant Spending

Lotus Suing Dany Bahar Over Extravagant Spending

In what is turning into a very bitter divorce between Lotus and ex-CEO Dany Bahar, the British automaker is firing back with a lawsuit of its own, claiming that Bahar spent company money on his extravagant personal lifestyle.

According to Lotus, Bahar left the automaker with bills for his chauffeur, helicopter travel, and 10 luxury wristwatches. The automaker is looking to recoup around $2.5 million for unauthorized expenses in addition to overpaid salary and bonuses. Bahar on the other hand, is suing Lotus for wrongful dismissal, seeking close to $11 million.

SEE ALSO: Lotus Sued by Former CEO Dany Bahar for $10.6 M

According to reports, Bahar also spent over $1.6 million renting and upgrading two properties in the U.K., which was charged to Lotus. Expenses for travel added up to over $1.9 million and close to $5,000 was spent on watches that Bahar claimed were for Lotus managers.

SEE ALSO: Lotus CEO Dany Bahar Axed from Company

“The spending pattern of the group was not justifiable or sustainable, including the lavish lifestyle of the claimant who appeared to have ignored internal controls,” Lotus claimed.

[Source: Bloomberg]