Here’s some light shed on the reason of Dany Bahar’s suspension. The Mail Online has reported that parent company DRB-Hicom did not like the way the Lotus’ suspended top man used company’s money. This comes after an investigation done by Ernst & Young and a team Rothschild Group.
Dany Bahar was found to have spent hundreds of thousands of pounds to spruce up his rented home. He was also said to have spent more than one million pounds on private aircraft to fly him to Formula 1 races and other global events.
His friends came to his defense, saying that Bahar insists that the spending was part of his employment contract, which was agreed with Proton. This means that his ‘extravagant’ lifestyle was done within the limits of his employment.
At the moment, neither the respective companies nor Bahar himself have officially commented on the matter. We’ll continue to keep tabs on any developments. In the meantime, click the link to read the full story.
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AI-generated Summary ✨
Comments express strong disapproval of Dany Bahar's expenditure and management style, linking his lavish spending to Lotus's poor performance and financial struggles. Many criticize his use of company funds for private luxuries, such as private jets and luxury items, arguing that his lifestyle is incompatible with a struggling company. Some believe his efforts to reposition Lotus as a luxury brand are misguided and that his spending reflects incompetence or misconduct. Several comments suggest that his resignation or removal is necessary for the company's recovery. There is also sentiment that corporate culture and management oversight are lacking, with calls for better cost control and governance. Overall, the tone is critical and negative towards Bahar’s expenditure and leadership.