Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Reuters
Reuters
Business

Renault says reserves the right to seek damages depending on Ghosn probe

FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe

Renault <RENA.PA> said on Monday it had filed a civil-party petition after French prosecutors last week opened a formal investigation into alleged misappropriation of funds at the French carmaker.

"Renault (...) will continue to fully cooperate with the judicial authorities", the company said in a short statement, adding it reserved "the right to seek damages based on the outcome of the investigation".

Last week, French prosecutors stepped up their investigation into alleged misappropriation of funds at Renault by former boss Carlos Ghosn, saying a judge had now been assigned to the case to launch a formal investigation.

(Reporting by Benoit Van Overstraeten; Editing by Chizu Nomiyama)

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.