Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Carlos Ghosn surprised by French international arrest warrant

Published 04/22/2022, 02:34 AM
Updated 04/22/2022, 02:16 PM
© Reuters. FILE PHOTO: Fugitive former car executive Carlos Ghosn, gestures before an interview with Reuters in Beirut, Lebanon June 14, 2021. REUTERS/Mohamed Azakir

PARIS (Reuters) -Carlos Ghosn was surprised by an international warrant sought by a French magistrate linked to an investigation into allegations of suspect money flows to an Omani dealership, a spokesman for the fugitive former Renault-Nissan boss said.

Ghosn, the architect of the Renault-Nissan automaking alliance, has been contesting several probes since fleeing in late 2019 to Lebanon from Japan, where he faced separate financial misconduct allegations.

"This is surprising, Ghosn has always co-operated with French authorities," a spokesperson for Ghosn in France told Reuters on Friday in response to a report of the international arrest warrant in the Wall Street Journal.

Ghosn reiterated cricitism of the Japanese justice system in an interview with French BFM TV and said that he hoped one day to be able to be travel the world freely again.

"I must be presumed innocent," he said, adding he hoped to be able to clear his name soon through the justice system.

Ghosn, who had denied any wrongdoing, remains in his childhood home, Lebanon, which has no extradition treaty with Japan and has a policy of not extraditing its nationals.

Ghosn holds passports from France, Lebanon and Brazil.

The Nanterre prosecutor's office confirmed on Friday that five international arrest warrants for Ghosn and the current owners or former directors of the Omani company Suhail Bahwan Automobiles, a vehicle distributor in Oman, were issued by the investigative judge.

Bahwan's lawyer said that his client denied having taken part in any way in the offences referred to in the warrant.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"He has already provided evidence of his innocence and is at the full disposal of the French justice system," Christophe Ingrain said in a statement.

YACHT PURCHASE

The Japanese investigation precipitated a fall from grace for Ghosn, who had lived a jet-set lifestyle with properties in Paris, Rio de Janeiro and Beirut before he was detained for months in a Tokyo custody centre and under home arrest.

He escaped Japan hidden in a box aboard a private jet.

At the time he was awaiting trial on charges that he understated his compensation in Nissan (OTC:NSANY)'s financial statements by 9.3 billion yen ($85 million) over a decade and enriched himself at his employer's expense through payments to car dealerships.

French prosecutors allege Ghosn funneled millions of dollars of Renault (EPA:RENA) funds through the Omani car distributor for his personal use, including for the purchase of a 120-foot yacht.

In early 2020, French prosecutors stepped up their investigation into Ghosn's Omani dealings and a lavish party he threw at the Versailles palace in 2014.

Ghosn, who was chairman of both Nissan and Mitsubishi and chief executive of Renault when he was arrested in Japan in 2018, told Reuters last year that he was prepared for a lengthy process to clear his name with French authorities.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.