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Ghosn ready to repay cost of Versailles wedding: lawyer

AFP  |  Paris 

Detained former boss is ready to repay a 50,000-euro (USD 57,000) bill for his wedding party at the which was waived under a sponsorship deal with the French group, his said Friday.

said Thursday that it would report the incident to prosecutors after learning that the famed chateau on the outskirts of had waived its usual rental fee under a sponsorship deal signed in 2016.

Ghosn's in France, Jean-Yves Le Borgne, told AFP that the "stands ready" to repay the money, adding that his client was "not aware he owed it because he had not been billed".

"He thought it was free," Le Borgne added.

The waived bill could amount to the misuse of company resources, as well as tax evasion, if the benefit-in-kind was not declared to French authorities.

Ghosn's tenure as has come under the microscope since his arrest last November in on charges he under-reported millions of dollars in pay as of Nissan, Renault's alliance partner.

His subsequent indictment on three charges of financial misconduct has led to renewed scrutiny of his management and lifestyle at both companies while he sits in a Tokyo jail awaiting trial.

Ghosn and his second wife threw a Marie Antoinette-themed dinner and party at the former royal residence at Versailles, complete with entertainers in period costumes, on October 8, 2016.

In a statement, the said had signed a 2.3-million-euro sponsorship deal with the palace in June 2016, a few months before Ghosn's wedding.

Under the terms of the deal, Renault could benefit in return from Versailles access and other services worth a maximum 25 per cent of the deal, in this case around 575,000 euros, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 08 2019. 21:31 IST
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