Skip to main content
France - Japan

Renault-Nissan chief Ghosn denies Japanese charges

Renault-Nissan boss Carlos Ghosn
Renault-Nissan boss Carlos Ghosn REUTERS/Regis Duvignau

Former Renault-Nissan-Mitsubishi boss Carlos Ghosn has denied allegations that he hid billions from Japanese authorities, according to local media Sunday. Renault has started an internal audit into possible abuse of corporate assets, French Economy Minister Bruno Le Maire revealed.

Advertising

Ghosn has not commented publicly on the case since his arrest last Monday.

But he has told Japanese prosecutors that he did not intentionally understate his income on financial reports, public broadcaster NHK reported.

He and fellow executive Greg Kelly are suspected of understating his income as chairman of the Nissan board by about five billion yen (39 million euros) between June 2011 and June 2015.

Kelly also denies the allegations.

On Friday Japanese newspapers said that prosecutors have also accused Ghosn of doing the same for the three following financial years, bringing the total to eight billion yen (62 million euros).

Ghosn remains Renault boss

The governing body put in charge of Renault since Ghosn's arrest has ordered an internal audit on pay and potential abuse of corporate assets, Le Maire told BFMTV on Sunday.

But, although he has been fired by Nissan, the Brazil-born tycoon remains CEO of the French wing of the three-way alliance "as long as there are no tangible charges", the minister said.

He dismissed rumours that Ghosn was the victim of Japanese efforts to prevent the complete merger of the three carmakers, saying "I don't believe in conspiracy theories."

Top executives of the three companies plan to hold a meeting this week, their first gathering since his arrest, local media said.

The meeting will be held in the Netherlands with a video conference available for executives who cannot attend, the Yomiuri Shimbun said.

Daily news briefReceive essential international news every morning

Page not found

The content you requested does not exist or is not available anymore.