French Judge Ramp up Efforts in Ghosn Investigation Over Lavish Birthday Party

French Judge Ramp up Efforts in Ghosn Investigation Over Lavish Birthday Party

French prosecutors have ramped up their probe into alleged misappropriation of funds at Renault by ex-boss Carlos Ghosn, saying a judge had now been assigned to the case to launch a formal inquiry.French Judge Ramp up Efforts in Ghosn Investigation Over Lavish Birthday Party

The prosecutor’s office in Nanterre, on the outskirts of Paris, had since 2019 been looking into a party Ghosn had thrown for his spouse at the luxurious Versailles palace among different financial dealings.

It mentioned in a statement Wednesday a judge would now look at several charges tied to Renault and leveled at an unnamed person or people. A judicial source confirmed that Ghosn was among them.

Ghosn – now in Lebanon after he last month escaped prosecution in Japan on alleged financial fraud charges – has repeatedly refused any wrongdoing.

Judges, who have wider powers than investigators to pursue a felony case, had been set to get involved, potentially bringing prosecution a step closer.

The prosecutor’s office stated the case involved suspicious financial flows between Renault and a car dealership in Oman, in addition to spending on trips and events.

Prosecutors had been looking into whether Ghosn knowingly used company funds to throw a party that was for private purposes – his spouse’s birthday – in 2016.

Ghosn’s lawyers have stated he did nothing wrong; however, there might have been a disagreement between Versailles and party planners over who was to foot the bill for paying for the venue.

One other event at Versailles in 2014, when Ghosn held a corporate party to rejoice the 15th anniversary of Renault’s partnership with Japan’s Nissan, will now fall under the vision of the investigation.

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