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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 carmaker Renault, introduced on Friday that he was prepared to “refund” a €50,000 present from the Palace of Versailles, reportedly linked to his lavish wedding ceremony on the royal property was linked.

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

“The venue at Versailles was made obtainable to him freed from cost and Mr Ghosn was unaware that use of the area can be offset in opposition to 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 alternate beneath a philanthropic deal” with Versailles. Renault introduced that it could inform the French judicial authorities concerning 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 reviews and embezzlement. Ghosn – lengthy some of the influential executives within the international auto trade – denies wrongdoing.

French newspaper Le Figaro reported that Versailles allowed Ghosn to host his 2016 wedding ceremony reception on its grounds in alternate for Renault’s donations to the château, the lavish residence 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 fortress value as much as 25 p.c of the full 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 value was estimated at 50,000 euros.

Versailles officers declined to touch upon whether or not Ghosn himself made the request, or verify that the dinner was the truth is his wedding 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 turn 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 exchange him as his Japanese authorized case drags on.

The Japanese case contains suspicions that Ghosn understated his earnings as Nissan chairman and falsified monetary reviews. 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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