Quantcast i24NEWS - No proof of fraud by Ghosn in France, says govt

No proof of fraud by Ghosn in France, says govt

French President Emmanuel Macron, seen here with Ghosn at a Renault factory visit this month, said his government would be 'extremely vigilant' about the automaker's stability
ludovic MARIN (AFP)

The French government said Tuesday it had found no evidence that auto boss Carlos Ghosn, who heads the Renault-Nissan-Mitsubishi alliance, had cheated on his taxes in France.

Economy Minister Bruno Le Maire told France Info radio that he had ordered an inquiry into Ghosn's tax affairs immediately after learning of his arrest in Japan but that it showed up "nothing in particular" about his tax situation in France.

Ghosn's arrest in Japan for alleged financial misconduct sent shockwaves through the auto industry and raised questions about the future of the sometimes fractious alliance of Nissan, Mitsubishi and Renault.

Nissan and Mitsubishi have already said they will propose removing him as chairman.

The board of Renault is to meet Tuesday to discuss his fate.

Le Maire told French radio that Ghosn, who heads the Renault-Nissan-Mitsubishi alliance, was no longer in a position to lead Renault and that the state, which has a minority stake in the carmaker, would call for a new interim management team.

He said he would meet Tuesday with the state's representatives at Renault to discuss the issue.

The French state has a 15-percent holding in the group.

Comments

(0)
8Previous articleNo proof of fraud by Ghosn in France, says govt
8Next articleGM to shutter three North American plants, cut 15% of workforce