Hearings in $1 Billion Lawsuit Filed by Auto Tycoon Ghosn against Nissan Starts in Beirut

Former Nissan executive Carlos Ghosn speaks during an interview with The Associated Press in Beirut, Lebanon, on June 23, 2023. (AP)
Former Nissan executive Carlos Ghosn speaks during an interview with The Associated Press in Beirut, Lebanon, on June 23, 2023. (AP)
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Hearings in $1 Billion Lawsuit Filed by Auto Tycoon Ghosn against Nissan Starts in Beirut

Former Nissan executive Carlos Ghosn speaks during an interview with The Associated Press in Beirut, Lebanon, on June 23, 2023. (AP)
Former Nissan executive Carlos Ghosn speaks during an interview with The Associated Press in Beirut, Lebanon, on June 23, 2023. (AP)

Hearings in the $1 billion lawsuit filed by auto tycoon Carlos Ghosn against Nissan and other defendants started in Beirut on Monday with lawyers of both sides meeting the judge in charge of the case, judicial officials said.

The former Nissan CEO filed the case against Nissan in May in Beirut, alleging he was detained in Japan in 2018 on false charges because of what he calls the automaker's disinformation against him. The 69-year-old Ghosn is seeking half of the $1 billion in damages and half for compensation including salary, retirement funds and stock options.

Ghosn is also seeking monetary compensation from a Nissan affiliate based in Lebanon, as well as from entities that took part in the investigation leading up to his arrest.

He was arrested in Japan in November 2018 on charges of breach of trust, misusing company assets for personal gains and violating securities laws by not fully disclosing his compensation. In December 2019, he jumped bail in Japan in a daring escape by hiding in a box spirited aboard a private jet out of the country.

He now lives in Lebanon, which has no extradition treaty with Japan and does not extradite its citizens. Renault and Nissan have both been distancing themselves from the Ghosn scandal. Ghosn has citizenship in Lebanon, France and Brazil.

In a session that lasted about four hours at the Palace of Justice in Beirut, lawyers representing Ghosn and Nissan met with Judge Sabbouh Suleiman at the Beirut prosecutor’s office, the officials said on condition of anonymity in line with regulations. None of the lawyers or the judge spoke to reporters.

A date was expected to be set for the next session.

Ghosn led Japanese automaker Nissan for two decades, rescuing it from near-bankruptcy before his 2018 arrest.

He is now wanted in Japan and France. Since he fled to Lebanon, Beirut has received three notices from Interpol based on arrest warrants for him from those countries. In France, he is facing a number of legal challenges, including tax evasion and alleged money laundering, fraud and misuse of company assets while at the helm of the Renault-Nissan alliance.

The office of Ghosn’s lawyer declined to comment on the case when contacted by The Associated Press.

Ghosn claims to be the victim of a character assassination campaign led by Nissan with the complicity of the Japanese government, aided by accomplices in France.



Yemen Cabinet Holds Urgent Meeting to Discuss Economic Rescue Plan

Yemeni Cabinet meeting in Aden, Yemen (Saba News Agency)
Yemeni Cabinet meeting in Aden, Yemen (Saba News Agency)
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Yemen Cabinet Holds Urgent Meeting to Discuss Economic Rescue Plan

Yemeni Cabinet meeting in Aden, Yemen (Saba News Agency)
Yemeni Cabinet meeting in Aden, Yemen (Saba News Agency)

The Yemeni government met in the interim capital, Aden, on Thursday, with Prime Minister Ahmed Awad Bin Mubarak presiding to review an economic rescue plan focused on government reforms, ending the Houthi coup, and restoring state control.
Yemen’s economy faces a deep crisis, with falling revenues and a halt in oil exports after Houthi attacks on export ports and stalled peace efforts amid increased Houthi activity regionally and at sea.
In Thursday’s meeting, Yemen’s Cabinet discussed urgent economic issues, including currency instability and electricity shortages, and reviewed a draft economic rescue plan aligned with government reforms.
The government aims to finalize the plan, which focuses on restoring state control, ending the Houthi coup, achieving peace, fighting corruption, and improving transparency. The plan also seeks to boost the economy and make better use of foreign aid.
A ministerial committee, led by the finance minister and including other key officials, was formed to refine the plan. The committee will review suggestions and present a revised version in two weeks for further discussion.
State media reported that the Cabinet instructed the ministerial committee to align the rescue plan with the government's reform agenda and economic recovery strategy. The committee will set priorities, review progress, and develop a unified economic document to guide urgent government actions.
Yemen’s Cabinet emphasized the need to realistically assess challenges and tackle them through joint efforts with the Presidential Leadership Council.
The discussion focused on ensuring the rescue plan addresses the economic crisis’s root causes—worsened by Houthi attacks on oil facilities and shipping routes—and on defining the support needed from international donors.
The meeting also reviewed implemented and ongoing policies, noting obstacles and suggesting solutions to overcome them.
Moreover, Yemen’s Cabinet reviewed reports on fuel shortages affecting Aden’s power stations and discussed urgent steps to stabilize electricity and ensure water supplies.
State media said officials stressed the need for emergency fuel and additional supplies to keep services stable.