Carlos Ghosn interview: fugitive tycoon on his new life in Lebanon after fleeing Japan


Jamie Prentis
  • English
  • Arabic

Carlos Ghosn was famed for his intense work ethic at the helm of three of the largest automotive companies in the world.

But that lifestyle, and its punishing travel schedule, came to an abrupt halt in 2018 when he was detained in Japan amid accusations of financial irregularities at Nissan – before he was famously smuggled out in a music equipment box while awaiting trial in late 2019.

His final destination was Lebanon, the country where he spent much of his childhood.

“I always loved Lebanon, I always maintained contact with Lebanon. Not as a country where I would work, but certainly as a country where I have friends, part of my family. I really enjoy the beautiful landscape, the food and the warmth of the people,” Mr Ghosn, who holds Lebanese, Brazilian and French citizenship, said.

“This being said, I travelled so much in my life,” he told The National, adding that he was now in a period of “forced rest”.

“I’m enjoying it. The fact that I don’t have any more jet lags, I have a very stable time of sleeping, eating. I see the people I want to see, not the people I have to see. All of this is a new world for me,” Mr Ghosn said.

“I lived 40 years in the corporate world, where you are used to completely different standards. So yes, I miss some things. But I’m enjoying a lot of new things that are happening in my life.”

Mr Ghosn vehemently rejects the accusations levied against him, which include allegations he under-reported his earnings and misappropriated company funds. He has not left Lebanon since his remarkable escape and Lebanese judge issued a travel ban against him in early 2020.

He has, however, not stayed still, as an upbeat Mr Ghosn told The National at an office in Beirut.

“I work at a university, I’m giving a seminar on management on performance. I'm writing new books, participating in movies, I'm helping a lot of start-ups in development.

“I think one of the big opportunities for Lebanon is to use the intelligence, the talent and the education of its people to just get out of the problems that it is facing today.

Carlos Ghosn poses with his development team at a car unveiling in 2001.
Carlos Ghosn poses with his development team at a car unveiling in 2001.

“That's why guiding, helping [and] investing in start-ups is one of the best ways to help young people turn around the country or contribute to the country,” he said, wearing a light blue shirt - in contrast to the suit and tie he was typically seen in during his time at Nissan.

Mr Ghosn recently filed a lawsuit of more than $1 billion against Nissan in a Lebanese court for – among other things – defamation, breaching the sanctity of his residence and fabricating charges that led to his detention in Japan.

Asked what he would do with the money if he won, Mr Ghosn said part would be used to support Lebanon.

“There are a lot of needs here. Not only in terms of supporting start-ups and employment, but also supporting education,” he said.

“But also to recover a big part of what has been taken directly and indirectly from me. They didn't pay the retirement, they took all the stock options,” Mr Ghosn said, naming a couple of the things he accused Nissan of taking from him.

Nissan has not commented since the lawsuit was launched.

Mr Ghosn’s escape is as famous as it is dramatic. After repeatedly being detained before then being bailed, he had lost any faith in the Japanese justice system and describes it as being rigged.

With the help of private security contractors, including a former US Special Forces operator, he was smuggled in a musical equipment box on to a private jet before arriving in Beirut via Turkey.

“The most scary part of the escape is that it would fail. Everything else was OK. My big fear, frankly, was failure, that hope would be eliminated completely,” he said.

“Because what the Japanese had prepared for me is a slow death through a very, very lengthy trial.

“And this is what is shocking, you know, you dedicate 20 years of your life to resuscitate a Japanese company, which becomes one of the major companies in Japan. And you're being rewarded like this?”

But there is still an affection for Japan and its people, even if not for some of his former colleagues.

“I like Japan, I have lots of Japanese friends. It's part of my life, I spent 20 years. It's not because of the behaviours of some thugs both inside and outside Nissan that I'm going to hate a country that is part of my life.”

Even as Lebanon languishes in one of the worst economic crises in modern history, do not, however, expect him to suddenly enter into the political world.

“No, it’s not in my space,” he said, when asked if he would ever have political ambitions.

“I’m a little bit the contrary of a politician, I'm more of a straightforward guy. I like to take jobs, to fix things – not fake fixing them. But I will help politicians into turning around the situation, if they were asking.”

The biog

Favourite films: Casablanca and Lawrence of Arabia

Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins

Favourite dish: Grilled fish

Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.

Results:

6.30pm: Maiden Dh165,000 2,000m - Winner: Powderhouse, Sam Hitchcott (jockey), Doug Watson (trainer)

7.05pm: Handicap Dh165,000 2,200m - Winner: Heraldic, Richard Mullen, Satish Seemar

7.40pm: Conditions Dh240,000 1,600m - Winner: Walking Thunder, Connor Beasley, Ahmed bin Harmash

8.15pm: Handicap Dh190,000 2,000m - Winner: Key Bid, Fernando Jara, Ali Rashid Al Raihe

8.50pm: The Garhoud Sprint Listed Dh265,000 1,200m - Winner: Drafted, Sam Hitchcott, Doug Watson

9.25pm: Handicap Dh170,000 1,600m - Winner: Cachao, Tadhg O’Shea, Satish Seemar

10pm: Handicap Dh190,000 1,400m - Winner: Rodaini, Connor Beasley, Ahmed bin Harmash

Match info

Liverpool 3
Hoedt (10' og), Matip (21'), Salah (45 3')

Southampton 0

Company profile

Date started: January, 2014

Founders: Mike Dawson, Varuna Singh, and Benita Rowe

Based: Dubai

Sector: Education technology

Size: Five employees

Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.

Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)

The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

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Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
HWJN
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Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Specs

Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request

UAE currency: the story behind the money in your pockets
Company Profile

Name: JustClean

Based: Kuwait with offices in other GCC countries

Launch year: 2016

Number of employees: 130

Sector: online laundry service

Funding: $12.9m from Kuwait-based Faith Capital Holding

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Skoda Superb Specs

Engine: 2-litre TSI petrol

Power: 190hp

Torque: 320Nm

Price: From Dh147,000

Available: Now

Bio:

Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour

Favourite Hobby: Serving poor people 

Favourite Book: The Alchemist by Paulo Coelho

Favourite food: Fish and vegetables

Favourite place to visit: London

THREE
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AL%20BOOM
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Updated: June 24, 2023, 4:45 AM