Bahar sues Lotus for 6.7m

28/08/2012
NEWS STORY

Former Group Lotus chief executive Dany Bahar has served the new parent company with a 6.7m High Court action.

Bahar, who was recruited to turn around the fortunes of the company in 2009 and introduced a raft of schemes, many of them highly dubious in terms of whether they would succeed, was sacked in June, months after Proton sold Group Lotus to Malaysian conglomerate DRB-Hicom.

Now, Bahar, who is claiming wrongful dismissal, is claiming 6.7m from DRB-Hicom in addition to an estimated 5 per cent of shares of equivalent value on the sale of Lotus Group or listing on any stock exchange.

In a statement issued at the weekend, Aslam Farikullah, who was brought in by DRB-Hicom to replace Bahar, said: "Dany Bahar was dismissed after a comprehensive investigation into his stewardship of Lotus. Lotus will vigorously oppose any claim made by Mr Bahar and believes it has acted properly at all times."

With debts of around 200m some are questioning whether Bahar will want a 5 per cent share of the company's liabilities.

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Published: 28/08/2012
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