Dany Bahar has been suspended from his role as chief executive officer at Group Lotus, pending an investigation into his conduct.
The current owners, Malaysian-based DRB Hicom, have issed a statement confirming that Bahar has been suspended following an “operational review”. Reports over the weekend suggest that the dispute concerns expenses.
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.”
A spokesman for DRB Hicom has told Norwich Evening News: “The penultimate holding company would like to stress it is business as usual at Lotus. We fully support the company and will continue to support Lotus in its business endeavours and development.”
Day-to-day management of the company will be led by representatives of Lotus’ parent companies Dato’ Lukman Ibrahim, Mr Mohd Khalid Yusof and Mr Aslam Farikullah.
The announcement follows the sale of Proton, and resulting questions over the company's ownership. There are rumours that Lotus could be sold to the Chinese.
Bahar joined the company in 2009 folling a stint at Ferrari. He announced ambitious plans for the future of Lotus at the 2010 Paris Motor Show, which included the launch up to six new models and the development of new engines in-house.