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 lavish spending and mismanagement at Lotus, criticizing his extravagant lifestyle funded by the company, which has negatively impacted Lotus's profitability and reputation. Many feel his expenses are unjustified, highlighting poor corporate governance and suggesting his dismissal was overdue. There's also concern over the cultural differences in business practices and the need for better financial oversight. Overall, sentiments are mostly negative, criticizing his leadership and advocating for his removal.