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]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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