French judges step up Carlos Ghosn probe – The National

  • Date: 20-Feb-2020
  • Source: The National
  • Sector:Transport
  • Country:UAE
  • Who else needs to know?

French judges step up Carlos Ghosn probe – The National

Prosecutors look into palace party and dealings of former Renault boss. French prosecutors have stepped up their investigation into alleged misappropriation of funds at Renault by former boss Carlos Ghosn, saying a judge had now been assigned to the case to launch a formal investigation.. The prosecutor's office in Nanterre, on the outskirts of Paris, had since last year been looking into a party Mr Ghosn had thrown for his wife at the sumptuous Versailles palace, among other financial dealings.. A judicial source confirmed that Mr Ghosn was among them.. One of his lawyers said the former top executive welcomed the opportunity to give his version of the events.. The prosecutor's office said the case involved suspect financial flows between Renault and a car dealership in Oman, as well as spending on trips and events.. Prosecutors had been looking into whether Mr Ghosn knowingly used company resources to throw the party for his wife's birthday in 2016.. Another event at Versailles in 2014, when Mr Ghosn held a corporate party to celebrate the 15-year anniversary of Renault's alliance with Japan's Nissan, will also fall within the scope of the investigation, the source said.. In January, Mr Ghosn rejected claims that