Renault keeps Carlos Ghosn at wheel after probe finds no pay wrongdoing

Ghosn's reported compensation totaled about $15 million annually

A Renault SA probe found that jailed Chief Executive Officer Carlos Ghosn’s compensation at the French carmaker complied with French law, sending another signal of the division with its alliance partner Nissan Motors Co.

A preliminary review of the years between 2015 and 2018 found nothing amiss on pay to the executive, who was indicted in Japan for understating his income, Renault said in a statement Thursday. The board opted to keep in place interim top management and not oust him, saying it doesn’t have information about Ghosn’s defense.