Renault probes Carlos Ghosn’s lavish Versailles wedding for misused funds

Carlos Ghosn and his wife Carole at the Cannes Film Festival last year

Carlos Ghosn and his wife Carole at the Cannes Film Festival last year

His subsequent indictment has led to renewed scrutiny of his management and lifestyle at Renault and Nissan while he sits in a Tokyo jail awaiting trial.

"We wanted it to feel as if we were inviting guests into our home - nothing too studied", Carole Ghosn told Town & Country magazine a few months later when it published photos of the wedding.

The rental fee was deducted from Renault's credit for use of the Grand Trianon at Versailles on October 8, 2016, when Ghosn and his second wife, Carole, hosted their wedding reception at the 17th-century palace, the source said.

It said the arrangement was made as part of a sponsorship deal between Versailles and Renault. Renault said it was alerting French judicial authorities. Renault reached an agreement with the property prior to the wedding to sponsor 2.3 million euros ($2.61 million) of renovations in return for services from the chateau worth 575,000 euros ($651,000).

Officials in various French prosecutor's offices that could investigate the case said Thursday they had no information yet from Renault about the gift.

Renault's investigation found that Ghosn was likely the sole beneficiary of the Versailles event and not the company, according to the person.

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"The audit into Renault has started, it is starting to bring out results, I had personally demanded that audit", Le Maire added to reporters at a business event in Paris.

Renault has found evidence that it paid part of Carlos Ghosn's wedding costs and is preparing to turn the investigation over to prosecutors, almost two weeks after the French carmaker's scandal-hit chairman and chief executive was forced out.

The 64-year-old Franco-Brazilian-Lebanese executive has angrily denied the misconduct charges against him, which saw Nissan and the group's other alliance partner Mitsubishi jettison him as chairman shortly after his arrest. Nikkei reports the move could have been prompted by the impending expiration of a tax break Ghosn had received in the Netherlands, where he had moved from France in 2012 to avoid a wealth tax.

Ghosn remains in a Tokyo prison after allegations of financial crimes were brought against him by Japanese authorities. Is it a plot? It's obvious: it's a story of betrayal.

Last month, Carlos Ghosn stepped down as the chairman of Renault and was replaced by Jean-Dominique Senard.

Ghosn was the chairman of both automakers, along with alliance partner Mitsubishi Motors Corp., before his arrest on November 19 over alleged financial misdeeds.

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