Ousted Lotus CEO Bahar Suing Company for £6.7 Million

Former LotusLotusUnited Kingdom, 1952 > present68 models
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CEO Dany Bahar has filed a £6.7 million ($10 million) claim against Lotus's parent company DRB-HICOM for wrongful dismissal. DRB-HICOM announced the suit yesterday in a stock exchange filing, and Bahar filed the suit on August 23. 

“Dany Bahar was dismissed after an investigation into his stewardship of Lotus. We believe we have acted properly at all times,” said DRB-HICOM in its report. 

Bahar was fired on June 7 amid allegations of misusing company funds in personal matters. DRB-HICOM took over the company earlier in the year when it purchased Lotus's parent ProtonProtonMalaysia, 1983 > present9 models
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from the Malaysian government. 

DRB-HICOM plans to file a counterclaim against Bahar but did not give specifics. 

Bahar began spearheading a rebuilding of Lotus in 2010 and joined the company in 2009. He had been working to introduce 5 new vehicles by 2015, but since firing Bahar DRB-HICOM has scrapped that plan. Now, Lotus will get only one new model. 

Source: Business Week