ECONOMY

Renault, Nissan urge legal action against Ghosn for expenses

Renault suggested ordering Ghosn himself to reimburse the company for some of the expenses. (File photo: Reuters)

Renault says an internal audit with partner Nissan found 11 million euros in questionable expenses at their Dutch-based holding allegedly linked to ousted chief Carlos Ghosn.

In a statement Tuesday night, the French carmaker recommended joint Renault-Nissan legal action in the Netherlands, where the alliance is based. It suggested ordering Ghosn himself to reimburse the company for some of the expenses.

The audit of joint company RNBV found deficiencies “in terms of financial transparency and procedures for monitoring expenditure,” the statement said. It noted questionable expenses for Ghosn’s air travel, personal spending and donations to nonprofit organizations.

Ghosn is facing accusations of financial misconduct in Japan, which he denies and says are politically driven by enemies at Nissan. Ghosn was credited with leading Renault’s rescue of Nissan from near bankruptcy.

SHOW MORE
Last Update: Wednesday, 5 June 2019 KSA 09:12 - GMT 06:12
Top
BREAKING NEWS

Send to a friend

Close
Renault, Nissan urge legal action against Ghosn for expenses
Friend's name:
Friend's Email:
Sender's name:
Sender's Email:
Captcha Code
How are we doing?
X

How are we doing?

Name Name *
Email Email *
Country Country
Message Message *
Maximum 550 words allowed