Renault to raise an alert over Ghosn’s wedding costs

ReutersPARIS (Reuters) — Renault is investigating a sponsorship deal with the Chateau de Versailles that included a €50,000 ($57,000) personal benefit to its scandal-hit former chairman Carlos Ghosn, the carmaker said on Thursday.

The company now plans to alert prosecutors, it said in a statement, confirming an earlier report in Le Figaro.

Renault’s sponsorship of Versailles renovations also covered the rental of the Grand Trianon palace for Ghosn’s 2016 wedding reception, the French daily reported.

The carmaker replaced Ghosn as chairman and chief executive on Jan. 24, more than two months after his arrest in Japan over allegations of financial misconduct at Nissan, Renault’s 43.4 percent-owned affiliate.

Renault is conducting an internal probe into its own payments to Ghosn in the wake of his arrest. Until now, it had yet to flag any financial irregularities.


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