Renault board to discuss Ghosn investigation, ex-CEO's pay

Image
AP Paris
Last Updated : Apr 02 2019 | 1:50 PM IST

French carmaker Renault SA's board is holding a special meeting to discuss the latest results of its internal investigation into ex-boss Carlos Ghosn, amid new reports about suspicious payments under his watch.

A Renault official told The Associated Press that the board meeting Wednesday will also look into Ghosn's 2018 pay as chairman and CEO of Renault. Ghosn was also chairman of Nissan and headed the two automakers' alliance until his arrest in November in Japan.

Renault's internal investigation is ongoing. The board meeting comes after media reports that the company handed information to French prosecutors about payments worth millions of euros to a Renault-Nissan distributor in Oman.

French prosecutors and Ghosn's lawyers did not immediately comment. Ghosn, under investigation in Tokyo, has denied wrongdoing.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 02 2019 | 1:50 PM IST

Next Story