Police Search Renault Headquarters Close to Paris

LONDON — The French police had been looking out Renault’s headquarters on Wednesday, reportedly as a part of a misconduct investigation into Carlos Ghosn, the automaker’s former chairman and chief govt.

Renault confirmed that the raid was happening on the headquarters in Boulogne-Billancourt, simply outdoors Paris. “We’re absolutely cooperating with the authorities,” Astrid De Latude, a spokeswoman for the corporate, stated. She declined to offer any additional particulars in regards to the search.

French information media reported that the raid was tied to the Ghosn case. Renault has referred data to prosecutors that Mr. Ghosn, who headed the Nissan-Renault-Mitsubishi automobile alliance and who was arrested in November on suspicion of monetary misconduct, could have misused firm cash to finance a lavish Marie Antoinette-themed celebration at Versailles in 2016 to rejoice his second marriage and his spouse’s 50th birthday.

The corporate stated in February that Mr. Ghosn had personally benefited from “an alternate price 50,000 euros,” or about $57,000, in reference to the celebration.

The cash at challenge is related to a €2.three million donation that Renault made to Versailles underneath a 2016 sponsorship deal. Versailles officers stated in an earlier assertion that the sponsorship was meant to finance renovations on the extravagant property, which was as soon as dwelling to French kings and is now among the many nation’s high vacationer sights.

Mr. Ghosn has been charged in Japan with 4 counts of monetary impropriety, together with utilizing firm funds to complement himself. He denies the allegations in opposition to him.

Fixed Méheut contributed reporting from Paris.

Police Search Renault Headquarters Close to Paris – Information by


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