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BREAKING NEWS

BREAKING NEWS

Renault's board triggers recovery process over Ghosn's suspect expenses

Renault's board triggers recovery process over Ghosn's suspect expenses
Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato -
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ISSEI KATO(Reuters)
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PARIS (Reuters) – Renault’s board triggered on Tuesday a recovery process over Carlos Ghosn’s suspect expenses as chairman of the alliance between the French carmaker and its Japanese counterpart Nissan.

Ghosn is facing financial misconduct charges, which he denies, and was freed in April from jail in Japan on a $4.5 million (3.5 million pounds) bail.

In a statement issued after reviewing the results of a joint audit mission with Nissan, Renault’s board members are asking the group’s representatives to liaise with their counterparts at Nissan to explore legal action to recover sums paid for by the Dutch jointly-owned subsidiary Renault-Nissan BV.

(Reporting by Mathieu Rosemain; Editing by Edmund Blair)

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