Tags: APFN | EU | Renault | Ghosn

Renault: No Wrongdoing by Ghosn in Compensation

Renault: No Wrongdoing by Ghosn in Compensation

Thursday, 13 December 2018 11:38 AM EST

PARIS (AP) — Renault says an internal investigation has found no wrongdoing in the awarding of compensation to CEO Carlos Ghosn, who has been indicted in Japan on charges of falsifying financial reports.

Following a board meeting, the French carmaker said in a statement Thursday that the preliminary results of a review of Ghosn's compensation for the years 2015-18 showed it was in compliance with French law.

Ghosn, Nissan's former chairman, was arrested last month in Japan. He and Nissan were charged Monday with violating financial laws by underreporting Ghosn's pay by about 5 billion yen ($44 million) in 2011-2015.

While he was fired at Nissan, Ghosn kept his position at Renault, though deputies are filling in during his absence. Renault's board said it does not have "information concerning Carlos Ghosn's defense."

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
Renault says an internal investigation has found no wrongdoing in the awarding of compensation to CEO Carlos Ghosn, who has been indicted in Japan on charges of falsifying financial reports.Following a board meeting, the French carmaker said in a statement Thursday that the...
APFN,EU,Renault,Ghosn
131
2018-38-13
Thursday, 13 December 2018 11:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved