Police Search Renault Headquarters Near Paris

Police Search Renault Headquarters Near Paris


LONDON — The French police were searching Renault’s headquarters on Wednesday, reportedly as part of a misconduct investigation into Carlos Ghosn, the automaker’s former chairman and chief executive.

Renault confirmed that the raid was taking place at the headquarters in Boulogne-Billancourt, just outside Paris. “We are fully cooperating with the authorities,” Astrid De Latude, a spokeswoman for the company, said. She declined to provide any further details about the search.

French news media reported that the raid was tied to the Ghosn case. Renault has referred information to prosecutors that Mr. Ghosn, who headed the Nissan-Renault-Mitsubishi car alliance and who was arrested in November on suspicion of financial misconduct, may have misused company money to finance a lavish Marie Antoinette-themed party at Versailles in 2016 to celebrate his second marriage and his wife’s 50th birthday.

The company said in February that Mr. Ghosn had personally benefited from “an exchange worth 50,000 euros,” or about $57,000, in connection with the party.

The money at issue is connected to a €2.3 million donation that Renault made to Versailles under a 2016 sponsorship deal. Versailles officials said in an earlier statement that the sponsorship was meant to finance renovations at the extravagant estate, which was once home to French kings and is now among the country’s top tourist attractions.

Mr. Ghosn has been charged in Japan with four counts of financial impropriety, including using company funds to enrich himself. He denies the allegations against him.

Constant Méheut contributed reporting from Paris.



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