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Renault-Nissan audit findings submitted to French prosecutors

PARIS (Reuters) – Renault (RENA.PA) has handed French prosecutors the conclusions of an audit into its joint finances with alliance companion Nissan (7201.T), the carmaker explained on Friday.

The audit, carried out by accountancy company Mazars in the wake of the Carlos Ghosn scandal, acknowledged 11 million euros ($12.four million) in questionable paying out by the Dutch-registered alliance subsidiary Renault-Nissan BV, Renault reported in April.

Past chairman Ghosn, ousted by each of these carmakers upcoming his November arrest in Tokyo, is awaiting demo on money misconduct costs he denies.

Renault submitted the audit final results in response to a requisition by prosecutors, the corporation explained in a statement.

“Renault is fully cooperating with the authorities and will not remark on the report’s written content to stay clear of the risk of jeopardizing the proper perform of the investigation,” it incorporated.

French law enforcement searched the company’s headquarters outside Paris past week as prosecutors go on to examine paying out out by Renault and the RNBV joint undertaking.

Copyright Reuter

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