France has announced legal action in the affair surrounding former Renault top manager Carlos Ghosn. It will be reported, confirmed the French Minister of Economy Bruno Le Maire today the TV station BFMTV. If the state is a company shareholder, it must ensure that its leadership works well, says Le Maire.
France holds 15 percent of the Renault Group. Until when the ad should be submitted, said Le Maire initially not. Renault had discovered at a subsidiary in the Netherlands dubious expenditure of about eleven million euros. As the Renault board of directors announced last night, this includes, among other things, costs for air travel of the former CEO Ghosn. Legal action against Ghosn should also be considered in the Netherlands.
A review of the joint subsidiary with Japanese partner Nissan confirmed initial indications that there were also deficiencies in terms of financial transparency and expenditure control procedures. Following the arrest of Ghosn in Japan, the French-Japanese autobahn created and controlled by him between Renault, Nissan and Mitsubishi had fallen into a serious crisis. Ghosn had been accused of violating stock market regulations in Japan.
