A statement issued today said the decision was made by the board of Group Lotus plc following the results of an investigation into a complaint made against Bahar by the company's owner, DRB-Hicom.
Bahar was suspended from his role last month. A report in the Sunday Telegraph at the time said the suspension was related to an investigation into his expenses.
Aslam Farikullah, one of three DRB-Hicom executives who took over the running of Lotus when Bahar was suspended, has been installed as the company’s chief operating officer.
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