Mexican Media Brands
Police Search Renault HQ in Ghosn Probe
French police searched Renault SA’s headquarters outside Paris earlier today as part of an investigation into possible misuse of company funds by former Chairman Carlos Ghosn.
#legal
Share
French police searched Renault SA’s headquarters outside Paris earlier today as part of an investigation into possible misuse of company funds by former Chairman Carlos Ghosn.
Reports say officials also searched one of Ghosn’s homes outside Paris.
Last month, French authorities launched a tax investigation into Ghosn’s personal finances. French prosecutors also had opened a probe three weeks earlier into payments made by Renault-Nissan BV, the Dutch holding company that manages the Renault-Nissan-Mitsubishi alliance. Ghosn was RNBV’s chairman at the time.
Bloomberg News says the latter investigation involves questioned payments to Suhail Bahwan Automobiles, the sole distributor of Renault and Nissan cars in Oman. A separate RNBV audit flagged €11 million ($12.4 million) in Ghosn expenses for nonbusiness-related trips to such events as the Cannes film festival and Rio de Janeiro’s Carnival.
Ghosn has denied any wrongdoing and has been largely thwarted in his efforts to explain himself publicly ahead of his trial later this year.
RELATED CONTENT
-
Ghosn Indicted on Two More Charges in Japan
Prosecutors in Japan have prolonged jail time for former Nissan Motor Co. Chairman Carlos Ghosn by filing two new charges against him.
-
U.S. Charges Five More VW Execs in Diesel Cheating Scandal
U.S. prosecutors have charged five more current or former Volkswagen AG executives in connection with the carmaker’s diesel emission cheating scandal.
-
The Law and Autonomous Cars
Features that enable your car to drive itself are coming to market now, but regulations to govern their performance have lagged, notes Jennifer Dukarski, an attorney with the Butzel Long law firm.