The court case against former FCA Australia executive Clyde Campbell is turning into a veritable who’s-who of decision makers at the company, reports The Age.
Campbell, who is charged with misappropriation of $30 million AUD of company funds, claims he had verbal permission from recently departed FCA executive John Kett, current company hotshot Mike Manley, and head of FCA Sergio Marchionne.
Under the leadership of stellar executives Clyde Campbell and Veronica Johns, FCA Australia loaned out “hundreds” of vehicles, all of which the company would like returned.
That’s too bad as FCA doesn’t know exactly where they all are.
The Age is reporting former FCA Australia boss, Clyde Campbell, was involved in a car theft ring and brought before the courts in the early ’90s.
According to the report, the former executive currently at the center of a $30 million (AUD) misappropriated funds case was “charged with a number of car theft offences between 1990 and 1992, in the wake of an 18-month investigation by South Australia’s Organised Crime Task Force and Victoria Police,” says Mark Hawthorne of The Age.
As we reported earlier, Clyde Campbell and a number of his associates, including his successor Veronica Johns and former boss Ernst Lieb by way of his Motorworld dealerships, are being named in a misappropriation case claiming $30 million AUD was funnelled out of company coffers.
This weekend, more details have come to light, including how Campbell was able to pilfer FCA funds without raising red flags in Detroit.
The story verges on conspiracy and includes the wife of Campbell, his successor, a formerly disgraced Daimler executive, a casino, a boat and extravagant homes paid for by FCA without its knowing. Even Campbell’s wife’s hairdresser received a free Jeep as part of the brand’s “ambassador” program.
Mark Hawthorne of The Sydney Morning Herald remarked, “It has all the makings of a Hollywood script. In Elizabeth Hurley, it even has the presence of a Hollywood star.”
The Chrysler 300, thought by many to be a modern day “gangster” car, has tons of power. But, as they say, absolute power corrupts absolutely, and for former FCA Australia CEO Clyde Campbell, it still may not be enough to escape accusations of misappropriation of funds.
Tomorrow, FCA will take Campbell to federal court in Australia claiming he funneled money to other companies owned by himself, his wife, co-workers, and his successor – Victoria Johns.
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