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

Europe Materials 25 February 2020 03:12 (UTC +04:00)
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 says reserves the right to seek damages depending on Ghosn probe

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, Trend reports citing Reuters.

“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.

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