Lotus Sued by Former CEO for Wrongful Dismissal

Stephen Elmer
by Stephen Elmer

After being fired for questionable conduct, ex- Lotus CEO Dany Bahar is suing his former employer for wrongful dismissal.

Bahar was originally suspended by parent company DRB-Hicom, and after a two-week investigation was let go. The specifics behind his suspension and termination weren’t revealed by the company, but rumor has it that the former CEO was using company money to refurbish houses, among other personal things.

Now, it is being reported by Swiss news outlet Bilanz that Bahar is taking the company to court in London claiming that he was fired for unjustly. Bahar denies using company money for personal reasons, as he was also accused of using the money for private jets and helicopters.

Lotus has been losing money for quite some time, and Bahar was spearheading a campaign to return the company into the black before he was let go. He was on contract with Lotus until 2016, and if Bahar manages to win, stands to gain roughly $1.9 million, another strain on the company’s already-struggling finances.

[Source: Bilanz]

Stephen Elmer
Stephen Elmer

Stephen covers all of the day-to-day events of the industry as the News Editor at AutoGuide, along with being the AG truck expert. His truck knowledge comes from working long days on the woodlot with pickups and driving straight trucks professionally. When not at his desk, Steve can be found playing his bass or riding his snowmobile or Sea-Doo. Find Stephen on <A title="@Selmer07 on Twitter" href="http://www.twitter.com/selmer07">Twitter</A> and <A title="Stephen on Google+" href="http://plus.google.com/117833131531784822251?rel=author">Google+</A>

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  • Loftus Loftus on Jun 19, 2012

    $1.9 million ONLY? Malaysians love to sue each other upwards of USD20million dollars.