High Court battle ends for Group Lotus owners

06:00 24 May 2014

Former Group Lotus chief executive Dany Bahar.

Former Group Lotus chief executive Dany Bahar.

The former top boss of Group Lotus and the Norfolk car makers Malaysian owners have brought to an end their High Court battle.

Ex-chief executive Dany Bahar and DRB-Hicom have finalised a settlement agreement which will see both parties dropping their claims against each other.

The announcement can be made after owners of the Hethel-based sports car manufacturer told shareholders that a deal had been reached which would not have a “major impact” on DRB-Hicom’s financial performance. But the Malaysian company has refused to disclose the finer details surrounding the agreement.

Mr Bahar was dramatically sacked in June 2012 sparking High Court claims that he was owed £6,737,240 under the terms of early termination in his contract – as well as damages and costs.

But DRB-Hicom said at the time of his departure that Mr Bahar had been removed from his post following an audit into the running of the company and an unspecified complaint against him by the conglomerate.

In a statement to shareholders, DRB-Hicom said: “The company wishes to announce that the parties involved in the legal suit have signed a settlement agreement and release on May 14 and have agreed to withdraw their claims against each other.

“The above arrangement is not expected to have any major impact on the financial or operations of the group.”

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

And earlier this month Proton announced the appointment of Jean-Marc Gales as the new chief executive officer of Group Lotus.

The EDP Top100 company was awarded more than £10m from the government’s Regional Growth Fund last year to drive job creation and help fund new projects.

• Do you have a business story for the EDP? Contact business writer Ben Woods on 01603 772426


Show Job Lists


J&S Jewellery was launched three years ago by sisters Jenny and Sophie Laslett and is now turning over £1M a year. Photo : Steve Adams

When launching a jewellery business in late 2012, sisters Jenny and Sophie Laslett used some borrowed money and a spare room. After ordering a small batch from a manufacturer in the Far East, their only customers the first Christmas were friends and family.

Justice Secretary Liz Truss arrives in Downing Street, London, for the first Cabinet meeting of the new government. PRESS ASSOCIATION Photo. Picture date: Tuesday July 19, 2016. See PA story POLITICS Cabinet. Picture: Dominic Lipinski/PA Wire

It is always challenging to take on a job in an industry in which you have no experience, looking to learn on the job while leading.

Green 100


Enjoy the Green 100
digital edition


Mustard TV

Meet the Team

Mark Shields

Business Editor


Chris Hill

Agricultural and Farming Editor


Shaun Lowthorpe

Business Publishing Editor


Sabah Meddings

Business Writer


Duncan Abel

Business Development Manager

Business Most Read


Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up