How Renault told prosecutors about Oman payments made during Carlos Ghosn’s reign
Carmaker tells investigators of MIddle East dealer payments under former CEO
Paris — Renault has alerted French prosecutors to payments made to a Renault-Nissan business partner in Oman under former CEO Carlos Ghosn, three sources told Reuters. This follows an internal investigation by the French carmaker after Ghosn's arrest last November in Japan for suspected financial misconduct at its alliance partner Nissan. Renault has established it paid out millions of euros described as dealer incentives to Omani distributor Suhail Bahwan Automobiles (SBA) over five years from around 2011, said the sources, who were briefed on the findings. Nissan previously found that its own regional subsidiary made questionable payments of more than $30 million to SBA. But the information sent to French prosecutors shows that much of the cash was then channelled to a Lebanese company controlled by Ghosn associates, the sources said. The total sum paid by Renault is in the double-digit millions, one source said. "We categorically deny the allegations of potential embezzlement in ...
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