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Renault’s embattled ex-boss Ghosn “reimburses” 50,000 euros of wedding rent in Versailles

Issued on: 02.08.2019 – 15:07Modified: 08/02/2019 – 16:22

Carlos Ghosn, the previous chairman and CEO of French automaker Renault, introduced on Friday that he was keen to “refund” a €50,000 present from the Palace of Versailles, reportedly linked to his lavish marriage ceremony on the royal property was linked.

Jean-Yves Le Borgne, Ghosn’s French lawyer, mentioned Ghosn paid for his marriage ceremony bills, however he used the house unaware {that a} charge may apply.

“The venue at Versailles was made accessible to him freed from cost and Mr Ghosn was unaware that use of the house can be offset towards Renault’s allotted use,” he mentioned in an announcement on Friday.

Ghosn will reimburse Versailles hire, his spokeswoman Devon Spurgeon mentioned.

Renault introduced this on Thursday An investigation by the corporate had revealed that Ghosn had personally benefited from “a €50,000 trade below a philanthropic deal” with Versailles. Renault introduced that it could inform the French judicial authorities in regards to the present.

The carmaker started investigating Ghosn’s previous actions after he was arrested in Tokyo in November, the place he was charged with falsifying monetary experiences and embezzlement. Ghosn – lengthy some of the influential executives within the world auto trade – denies wrongdoing.

French newspaper Le Figaro reported that Versailles allowed Ghosn to host his 2016 marriage ceremony reception on its grounds in trade for Renault’s donations to the château, the lavish house of France’s final kings.

The chateau mentioned Renault gave it €2.3 million to fund renovations in a 2016 philanthropic deal; In return, Renault was entitled to obtain donations from the citadel value as much as 25 p.c of the whole donation.

As a part of that settlement, Renault requested permission to hire an area within the Villa Grand Trianon on the Versailles grounds for a “dinner” on Oct. 8, 2016, the chateau mentioned in an announcement. The rental worth was estimated at 50,000 euros.

Versailles officers declined to touch upon whether or not Ghosn himself made the request, or affirm that the dinner was in truth his marriage ceremony reception.

Investigating the Renault-Nissan Alliance

In the meantime, an official on the automaker mentioned Renault and Nissan are additionally conducting a joint investigation into Ghosn’s actions as head of the alliance between them, Netherlands-based Renault-Nissan BV.

Ghosn ran each Renault and Nissan and championed their alliance because it grew to develop into the world’s best-selling automaker. Since his arrest, he has skilled a panoramic decline.

Renault initially stood by Ghosn however final month appointed a brand new CEO and chairman to interchange him as his Japanese authorized case drags on.

The Japanese case contains suspicions that Ghosn understated his earnings as Nissan chairman and falsified monetary experiences. Ghosn has mentioned different executives against nearer ties between Nissan and Renault have cracked down on him.

(FRANCE 24 with AP)


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