Ex-Lotus CEO Dany Bahar has settled a claim for unfair dismissal with Lotus owner DRB-Hicom a month before the case was scheduled to go to court.
DRB-Hicom announced on Bursa Malaysia last week that “the parties involved in the legal suit have signed a Settlement Agreement and Release on 14 May 2014 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 statement added.
Bahar was suspended in May 2012 after a complaint regarding his conduct and investigations led to him being sacked the following month. The 43-year old then filed a 6.7-million pound (RM36 million) claim against Lotus and DRB-Hicom for wrongful termination.
DRB-Hicom apparently wasn’t happy about the way Bahar was using company money – The Mail Online reported at the time that he was found to have spent hundreds of thousands of pounds on his rented home, and more than a million pounds on private aircraft to fly him to Formula One races and other global events.
Bahar’s friends defended him by saying that he insisted the spending was part of his employment contract, which was agreed with Proton.
Architect of an ambitious five-year plan at Group Lotus, Bahar joined the Hethel-based company as CEO in 2009 from Ferrari, where he was a senior vice president. Prior to that, Bahar worked at Red Bull GmbH and Fritz Kaiser Group.
Following Bahar’s sacking, Aslam Farikullah was appointed to run Lotus as chief operating officer, and earlier this month, Jean-Marc Gales was announced as the company’s new CEO.
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“The above arrangement is not expected to have any major impact on the financial or operations of the Group,” the statement added.”
So maknanya…. kena bayarlah kan kat Bahar. Kalau sebut major impact, it means kalau profit after tax is 50 million, 5 million will not be major impact to financial.
Do you want a reason why you have to pay GST?
This is a reason why you have to pay GST.
Since when you become so stupid?..since birth?…so other countries with GST, what is the reason?..save something also?
what??? gst??? LOL!!!!
DRB Hicom is not government company, but private lah, you stupid!
Since there’s not financial impact to proton, he must have a damn good bl..w jxb of a out of court settlement
6 million gbp = 36k rm? Lol
6,000,000.00 GBP = 32,455,515.70 MYR
Who’s the butthurt now? Me???.. hahaha.
Well, don’t we just love seeing how “successful” Lotus now is, now that those racists got rid of this Turk?
He had a vision, an interesting one worth risking.
And what, the merits of his 5 models plan was demerit because he leads a lavish lifestyle? Pot calling the kettle black, macais dunno shit how much more lavish those cronies are living. And non stop racist hatred simply because Bahar is a Turk wasting Lotus’/Proton’s/taxpayers’ money.
So, cut off the Turk, and Lotus will be successful, super duper making profit. Riiiiiight? HAHAHAHAHAHAHAHA
Your comment indicates clearly you’re not from the industry and don’t know what’s going on
Hah, typical macai response, personal attack.
So tell me how successful Lotus is now?
Tell me why the worldwide media was euphoric with Bahar’s 5 model prototypes?
And then now what? Have we seen any all-new model? None.
Have we seen their sales pick up? Maybe in China, but elsewhere, who wanna buy old models when rivals are offering newer, improved cars?
Doesn’t need a man from the industry to know Lotus is in deepshit now, keep wasting taxpayers’ money.
Or u gonna tell me Lotus is just starting, like Dr M said proton is just starting? After all these years?
Talk abt good governance, proton shouldn’t let this happen (this amount of cash should be approved by board); not sue after it happened. This’s how most glc is managed in M’sia. There’re better example: MAS!
Mas sued its ex-CEO for abusing fund … how’s the case goes now?
He may be a pompous S.O.B. But he brought Lotus in the spot light faster than anyone. I dunno how much it cost Lotus. But if he contributed anything to Lotus, its marketing. You at least gotta give him credit for that.
wow hes from ferrari.
Actually, Ferrari asked him to leave. As did Red Bull. Proton was too blind to see the writing on the wall.
Lotus and proton is like umno
the dap mca racist gelak saja..
INI TAK BERJAYA LA
Ask him to join UMNO. Don’t talk about been questioned about rent private jet. He can even buy a private jet without questioned.
Fully agree!!