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Renault to alert prosecutors over former CEO Ghosn's wedding costs



PARIS (Reuters) – Renault is investigating a sponsorship agreement with Chateau de Versailles which featured a personal benefit of 50,000 euros for the former scandal-threatened Carlos Ghosn, the car manufacturer said on Thursday.

FILE PHOTO: Carlos Ghosn, Chairman and CEO of Renault-Nissan Alliance, stands after Renault's 2015 annual performance presentation at the headquarters in Boulogne-Billancourt, near Paris, France February 12, 2016. REUTERS / Benoit Tessier / File Photo [19659003] The company is now planning to notify actors, said a statement confirming a previous 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 reported daily.

Car manufacturer replaced Ghosn as manager and CEO on January 24, more than two months after he was arrested in Japan over alleged financial failure in Nissan, Renault's 43.4 percent owned subsidiary.

Renault conducts an internal probe in its own payments to Ghosn in the wake of his arrest. Until now, it had not yet flagged any financial irregularities.

The investigation has "identified that Ghosn was given a personal benefit valued at 50,000 euros according to a sponsorship contract with Chateau de Versailles," Renault said on Thursday.

"Renault has decided to bring these findings to the attention of the judicial authorities," it said.

Ghosn remains in detention in Japan with limited ability to respond publicly to allegations of him.

On October 8, 2016 the wedding reception hosted by Ghosn and his second wife Carole attracted public attention for their wealth and Marie Antoinette-themed costumes.

The Ethics Committee of the Renault Board was informed of the discovery on Wednesday, as reported in the newspaper, a source of knowledge of the case to Reuters.

Reporting by Laurence Frost; Editing by Richard Lough

Our Standards: Thomson Reuters Trust Principles.

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