Recently, Dany Bahar, CEO of Lotus Cars, has been suspended from his role, after an investigation concerning his conduct.
The statement says: “As a result of a number of media inquiries, Group Lotus plc (“Lotus”) can today confirm that, following an operational review, chief executive Dany Bahar has been temporarily suspended from his role to facilitate an investigation into a complaint about his conduct made by Lotus’ penultimate parent company, DRB Hicom.”
The move was confirmed last night by the DRB Hicom, the Malaysian owners of Group Lotus, after rumors concerning the issue circulated yesterday at the Hethel plant in Norfolk. Mr. Bahar was supposed to attend the opening of a new Lotus Originals store in Monaco yesterday, but cancelled the plan at the last moment.
Rumors say that DRB plans to sell Lotus, which currently employs 1,200 people at Hethel. DRB became the owner of Lotus when it bought Proton, at the beginning of this year and has made investments into the company since then. But the debts of £200 million, the future of the company is uncertain. Mr Bahar has contract with DRB, which specifies that if the company is sold or floated he will receive 5% of the enterprise value or shares equal to the same amount.