Mexican Media Brands
Renault Submits Ghosn Audit to Prosecutors
Renault SA has turned over the conclusions of an audit it commissioned in January on joint finances with the Renault-Nissan-Mitsubishi alliance.
#legal
Share
Renault SA has turned over the conclusions of an audit it commissioned in January on joint finances with the Renault-Nissan-Mitsubishi alliance.
The investigation found €11 million ($12 million) in questionable spending by Renault-Nissan BV, the Dutch entity that management the partnership’s business. Renault hired French auditors Mazars Group in January to head its investigation into possible financial misconduct.
Carlos Ghosn, former chairman of all three carmakers and RNBV, awaits trial in Japan on charges of financial wrongdoing at Nissan.
Earlier media reports say the audit questioned €11 million in Ghosn expenses for nonbusiness activities, such as attending the Cannes film festival and Rio di Janeiro’s Carnival.
Those reports say French prosecutors also are looking into payments made by RNBV to Nissan and Renault’s sole distributor in Oman, which may have been diverted to Ghosn. He has denied all claims of misconduct.
RELATED CONTENT
-
VW Is Storing Nearly 300,000 Repurchased Diesels in U.S.
Volkswagen AG has stashed about 294,000 diesel-powered cars across the U.S. that it bought back from customers after admitting the vehicles were rigged to evade U.S. emission laws.
-
U.S. Justice Dept. Asks VW to Delay Diesel Cheating Report
The U.S. Dept. of Justice has asked Volkswagen AG not to release findings of an independent probe into the German carmaker's diesel emission cheating scandal.
-
Tesla’s Autopilot Feature Deemed Partly to Blame in Fatal Crash
The U.S. National Transportation Safety Board has concluded that Tesla Inc.’s semi-autonomous Autopilot feature was partly to blame for a crash 15 months ago that killed one of the carmaker’s customers.