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Thats a bit of a shock if true. Anyone have any more news?

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If there's any concern they (the owners) have no real alternative but to remove a person from a situation where, if guilty any evidence could be removed or altered, or if innocent of any wrongdoing the person has an"cloud" over them and so would have to continue with a role while at the same time be concerned about the investigation. That is an impossible situation for anybody to be in and be effective in their role.

On that basis, it's not even innocent until proven guilty it's enquiries ongoing.

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The worry is is the complaint is from the parent holding company following the operational review. Whilst it is normal practice to suspend a senior executive pending the investigation, it doesn't look good.

The official statement does however stress BAU, which is some consolation.

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Apparently the Finance Director resigned earlier this week for "personal reasons" but is now back at work.

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I wonder if house renovations are the cause of the problem?

EDP page is gone now...

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EDP page is gone now...

Well that's interesting, but too late. Autoexpress has already picked it up and its now in the Norwich Evening News -

http://www.eveningnews24.co.uk/news/business/group_lotus_boss_dany_bahar_suspended_1_1389662

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I've rarely heard of a CEO being 'reinstated' after being suspended. So does that mean that the fat lady is singing for Bahar?

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I wonder if house renovations are the cause of the problem?

EDP page is gone now...

a Hoax?

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a Hoax?

No it is still there, have look

Group Lotus boss Dany Bahar was suspended from his post today while an

investigation is carried out into a complaint about his conduct.

A statement from Lotus’ Malaysian parent company DRB Hicom said the move

against the Lotus boss was taken following an operational review.

Staff at Hethel were also told about the development today, but the

company gave no further details surrounding the complaint.

Today’s statement said: “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

Berhad.”

A spokesman for DRB-HICOM Berhad, which bought Lotus’ parent company

Proton in January, said: “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.”

In Mr Bahar’s absence, representatives of Lotus’ parent companies Dato’

Lukman Ibrahim, Mr Mohd Khalid Yusof and Mr Aslam Farikullah have been

authorised by Group Lotus’ board to handle and conduct the day to day

management and affairs of the Lotus Group. The statement added: “They

will be assisted by Mr Rusman Zaihan. They have been authorised to take

up these duties during the suspension period.”

Lotus’ future has been up in the air following the sale of Proton, amid

rumours that the company could be sold to the Chinese sparking a

campaign locally to keep the company in Norfolk.

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I think Bibs meant the page about his house! Could be about that, be and easy way to remove someone with no severance package early if there was any truth in using company money for his personal home. What ever its all about I just don't see him coming back. Which I actually think would be a shame.

Buddsy

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Could it be the registering a company thing? Lotus China what ever it was? Getting ready to sell the company and lining his pockets?

Buddsy

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Probably we will never know what the real reason is for the suspension. But suspending him for some houses, that seems a bit ridiculous isn't it?

I think it will be something much more significant.

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Definitively not good news at this time. Hopefully Lotus will issue a press release shortly.

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He allegedly spent the best part of half a million doing up a rental, that's fairly significant in my opinion!

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He allegedly spent the best part of half a million doing up a rental, that's fairly significant in my opinion!

That could be seen as an analogy to express his style of running Lotus.

Buddsy

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Wow, potentially massive news.

I was in the "for" camp, he does have his share of doubters judging from the reaction on other sites - don't know how to judge this at the moment.

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He allegedly spent the best part of half a million doing up a rental, that's fairly significant in my opinion!

I agree that is a bad thing, but I doubt that is something to suspend him for. If that was the only thing they had or not going according plans, then they would have pointed at it, filled the hole and kept an eye he never did it again. So I expect something much more bigger to be the reason, but that is only pure speculation of course.

the king is dead long live the king

I would have said long live MJK, but that will never ever be on the cards again will it... :-(

Edited by Exploded

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Not if MJK has anything to do with it :) They burnt that bridge many times over.

I am a big fan of Karma. Thats all I'll say.

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He allegedly spent the best part of half a million doing up a rental, that's fairly significant in my opinion!

:huh: Wish it had been my rental he was doing up!

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