Search

Hethel-based Lotus vows to fight £6.7m claim made by former chief executive Dany Bahar

09:30 27 August 2012

Former chief executive of Group Lotus Dany Bahar who has filed a high court claim against the company. Photo: Angela Sharpe

Former chief executive of Group Lotus Dany Bahar who has filed a high court claim against the company. Photo: Angela Sharpe

Archant © 2009

The new bosses of Lotus have made it clear that the car-maker will vigorously oppose a £6.7m claim made by its former chief executive Dany Bahar.

The Swiss national, who was brought in to turn round the loss-making luxury car company in 2009, was sacked from his post in June just months after the sale of parent company Proton to Malaysian conglomerate DRB-Hicom.

Last week Mr Bahar served Lotus and DRB-Hicom with a £6.7m High Court claim, saying he was wrongfully dismissed.

The High Court claim said that under the early termination terms in his contract, he was owed £6,737,240.

Mr Bahar has also asked for damages and costs.

His dismissal paved the way for DRB-Hicom to parachute in its head of vehicle manufacturing projects, Aslam Farikullah, as Group Lotus chief operating officer.

In a statement on Saturday, Mr Farikullah 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,” he added.

The claim form was filed on Mr Bahar’s behalf through his London-based solicitor Edwards Wildman Palmer UK.

It has also asked for a declaration that he will be entitled to either a payment equivalent of 5pc of the “enterprise value” or the allotment of shares of equivalent value on the sale or listing on any stock exchange of Lotus Group International Ltd or any group companies.

Search hundreds of local jobs at Jobs24

Management Jobs

Show Job Lists

Insight

There are many things which can keep business owners awake at night – but finding ways of paying more tax is not likely to be one of them.

The past year will be remembered for economic uncertainty, but it was a good time for entrepreneurs, writes Barclays’ Simon Smith.

Green 100

cover

Enjoy the Green 100
digital edition

Read
0

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up

Sign up to receive our regular email newsletter