It has been officially confirmed that Dany Bahar has been sacked by Lotus. Group Lotus issued a statement that Bahar has been terminated from his employment as chief executive officer of Lotus, with immediate effect.

The statement adds that the decision was made by the Board of Group Lotus following the results of an investigation into a complaint made against him by the company’s parent, which is of course DRB-Hicom. Bahar was suspended two weeks ago.

There was no mention of the reasons behind the dismissal, though reports indicate that DRB-Hicom apparently didn’t think much of the way the Lotus’ boss used the company’s money. Bahar was reported to have spent hundreds of thousands of pounds to spruce up his rented home, and racking up a million quid in chartering private aircraft to fly him to F1 races and other global events undoubtedly added to the axe falling.

Lotus announced the appointment of Aslam Farikullah as the company’s chief operating officer. The 51-year-old, a permanent resident of the UK, has over 26 years of working experience, most of which has been in the automotive industry.