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French home of ex-Renault chief Ghosn searched by anti-fraud police

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The reports cited prosecutors in Nanterre, who said that the raid was part of an investigation into Ghosn’s luxurious wedding celebrations at the Palace of Versailles in 2016.

Renault has admitted that its former boss Carlos Ghosn received a “personal benefit” of 50,000 Euros (56,700 dollars) in return for a sponsorship deal the company made with Versailles.

Ghosn has been held in detention in Tokyo since Nov. 19 on charges of financial misconduct at Japanese manufacturer Nissan, where he was chairman until being dismissed after his arrest.

The Chateau de Versailles, a complex of highly ornate 17th and 18th century royal palaces, said that it had agreed a sponsorship deal worth 2.3 million euros with Renault in June 2016.

Renault was entitled to benefits worth up to 25 per cent of the value of the sponsorship in return, as permitted by French law.

“Under the agreement, the company requested the use of two areas in the complex to organise a dinner on Oct. 8, 2016,’’ the Chateau de Versailles said in a statement.

 

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