Ghosn under scrutiny over $57,000 wedding bill

Lloyd Doyle
February 10, 2019

Meanwhile, a Renault official said that it and Nissan are also conducting a joint investigation into Ghosn's activities as head of the alliance between them, Netherlands-based Renault-Nissan BV.

Carmaker Renault has alerted French authorities to a 50,000-euro gift from the chateau of Versailles to its former chairman and CEO Carlos Ghosn - reportedly linked to his lavish wedding at the royal estate.

To add to his already formidable legal problems in Japan, fallen auto industry icon Carlos Ghosn is now being investigated by his former company, Groupe Renault, and the French government for illegally using their money to fund his opulent wedding in 2016.

In a statement, the French vehicle manufacturer says that after compliance audits were initiated on November 23, 2018, it discovered that a €50,000 contribution was allocated to Ghosn's personal benefit as a charitable donation with the Château de Versailles where his wedding was held.

Renault further alleges Ghosn might have benefited personally from its funding of renovation work at the Palace of Versailles by holding his wedding reception here.

'Renault has chose to bring these facts to the attention of the judicial authorities, ' it added.

Ghosn was also the chairman of Nissan and of Mitsubishi, until he was sacked after his arrest in Tokyo.

Ghosn led both Renault and Nissan and championed their alliance as it grew into the world's biggest-selling vehicle maker.

Jean-Yves Le Borgne said that staff at Renault had failed to inform their then executive chairman of the estimated €50,000 bill for the Marie Antoinette-themed event, leaving him to believe that he could occupy the palace free of charge. "Contrary to the accusations made by the prosecutors, I never received any compensation from Nissan that was not disclosed, nor did I ever enter into any binding contract with Nissan to be paid a fixed amount that was not disclosed".

Ghosn is still being held in Tokyo, but has denied all allegations of wrongdoing. It's obvious: it's a story of betrayal.

But facing the prospect of several more months behind bars before his trial opens, Ghosn last month relinquished his grip as CEO of Renault.

The affair has also exposed rifts between Renault and Nissan, which some analysts say was bristling at Ghosn's efforts to bring the two automakers' operations even closer together.

Other reports by Iphone Fresh

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