New French probe to open into Ghosn's partying and Oman money

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French public prosecution services have said they are to hand their preliminary iinquiries into ex-Renault boss and fugitive Carlos Ghosn's use of company assets, including a party thrown for his wedding at Versailles Palace and transfer of money from a billionaire in Oman to a company in Lebanon owned by Ghosn, to an examining magistrate with wider powers of investigation.

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French prosecutors are set to ask an investigative judge to take over a probe into spending by former Renault SA Chairman Carlos Ghosn, reports Bloomberg.

Prosecutors from Nanterre, near Paris, opened a preliminary probe last year and are planning to task an investigative judge with wider powers to continue the case, the prosecutor’s office said in an email.

Arrested in November 2018 in Tokyo and then freed on bail, Ghosn made a dramatic escape last month and fled to Lebanon. He has denied all of the Japanese charges, saying they were part of a conspiracy to prevent further integration between Nissan Motor Co. and Renault.

The Nanterre probe focuses on whether Ghosn improperly used a Renault sponsorship deal to host his 2016 wedding party at the Versailles palace. Authorities have also taken an interest in Ghosn’s relationship with a billionaire in Oman who was a Nissan intermediary over suspicions he may have helped move money into a Lebanon-based company controlled by the former car executive.

In France, Ghosn is also entangled in a separate probe into fees paid by Amsterdam-based joint venture Renault-Nissan BV to consultants.

Read more of this report from Bloomberg.

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