Renault blocked former chief executive Carlos Ghosn's pension on Wednesday,...
PARIS - Renault blocked former chief executive Carlos Ghosn’s pension on Wednesday, as the French carmaker said an internal probe had identified “questionable and concealed practices” by the fallen auto industry hero.
Ghosn is awaiting trial in Japan on charges that he failed to report $82 million in Nissan pay he had arranged to receive after retirement. He has also been indicted for temporarily transferring personal investment losses to Nissan and steering $14.7 million in company funds to a Saudi business associate.
An internal investigation found “questionable and concealed practices and violations of the group’s ethical principles”, the company added. Its joint audit with 43.4 percent-owned partner Nissan is due to report final conclusions by the end of April.
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