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
-
Report: Ghosn Kept List of Hidden Compensation
Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.
-
Ex-FCA Official Pleads Guilty in Labor Training Fund Scandal
Alphons Iacobelli, a former head of labor relations for Fiat Chrysler Automobiles NV in the U.S., has pleaded guilty of stealing millions of dollars from an employee training fund.
-
Takata Opens $850 Million Fund to Pay Carmakers for Airbag Woes
Takata Corp. has launched an $850 million fund in the U.S. to repay carmakers for a portion of their costs to recall Takata airbag inflators that can explode when triggered by a crash.