Bloomberg/Kimimasa Mayama

Regulation

Renault flags Ghosn Oman payments to French prosecutor

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A French daily newspaper reported that Renault paid the Oman-based distributor through a special cost centre overseen by Carlos Ghosn rather than through marketing and sales divisions.

Tuesday 02, April 2019

(Bloomberg) --Renault has alerted French prosecutors to payments made by former head Carlos Ghosn to a distributor in Oman, marking the second time the carmaker has signalled possible wrongdoing by the fallen executive to authorities.

The information was provided to Renault by partner Nissan Motor.

In February, Renault disclosed Ghosn may have improperly used a sponsorship deal to host a party at the Palace of Versailles outside Paris.

 “We strongly deny allegations of wrongdoing in Oman,” a spokesman for the Ghosn family.

Ghosn’s Paris-based lawyer, Jean-Yves Le Borgne, said he wasn’t aware of Renault reporting any payments to the French prosecutor. An Oman-based Nissan supplier had received bonuses that were related to its performance, he said.

Renault is carrying out an internal probe into its finances and the pay of top managers following Ghosn’s arrest in November. The former executive has denied charges in Japan that he improperly used company funds. Renault and Nissan also began a joint audit of the Dutch company that oversees their partnership.

 

TAGS : Renault, Nissan Motor, Carlos Ghosn, Oman Nissan distributor , French prosecutors

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