Thursday, January 10, 2019

Renault assures that there was no fraud in 2017 and 2018


The internal audit launched on the remuneration elements of the main leaders of the Renault group - including its CEO Carlos Ghosn, currently in custody in Japan - concluded "To the absence of fraud" the years 2017 and 2018, said Thursday, January 10 the car group in a statement.

Article reserved for our subscribers Read also Renault: the government is pushing for clarification on the remuneration paid to executives

"The mission examined the compensation components of the current members of the Renault Group Executive Committee for the 2017 and 2018 financial years and concluded that they are compliant and that there is no fraud", ensured the group at the end of a meeting of directors of the diamond brand. "In accordance with the initial referral, the mission will continue over previous years, however, said the French manufacturer. It will be reported in the same way at the next meeting of the Board of Directors. "

Carlos Ghosn claims his innocence

This audit, conducted according to Renault "By internal experts from the Ethics Directorate" of the company "Assisted by independent external experts"was announced in late November by the Minister of Economy, Bruno Le Maire, in the wake of the arrest of Renault CEO Carlos Ghosn.

Arrested on November 19 for suspicion of financial malfeasance, Mr. Ghosn was indicted on December 10 for concealment of income to the stock market authorities. He is also charged with breach of trust and may be charged for this reason on Friday, the date on which his detention ends. According to the prosecution, he reportedly tried to have Nissan cover "Losses on personal investments" at the time of the financial crisis of October 2008. The incriminated sum amounts to 1.85 billion yen (14 million euros).

The former Nissan executive, who appeared for the first time before a judge, claimed his innocence and assured "To have acted with honor, legally and with the knowledge and approval of the leaders" from the Japanese manufacturer.

Read our portrait: Carlos Ghosn: ambition, money and glory, to the point of excess
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