French carmaker Renault said Wednesday that a joint Renault-Nissan audit of their Dutch subsidiary RNBV had raised "serious questions" over millions of euros in expenses incurred by ousted CEO Carlos Ghosn.
"Certain expenses which have yet to be precisely quantified, but may amount to several million euros since 2010, raise serious questions as to their conformity with RNBV's corporate interest," Renault's board of directors said in a statement.
The statement said "RNBV's internal organisation suggests serious deficiencies in terms of financial transparency and expenditure control procedures."
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