Renault Revealed That Its Ex-Chairman Carlos Ghosn Might Have Used Company’s Funds For His Personal Benefits

There are some cases shows that a business executive shall do not do those things which will harm its own company. Carlos Ghosn is the perfect example of how a person’s greed can make someone do unethical things. Recently former CEO of Renault Carlos Ghosn was arrested by the Japanese government for doing financial misconduct and soon after his arrest company fired him. However according to some recent reports Renault company has revealed that they have found some audit evidence which shows Carlos Ghosn used the company’s 50000 euros for his personal benefits. So far no clarification has been given by the company on this audit evidence. Now some reports are saying that Ghosn must’ve used this money for celebrating his marriage with his second wife which happened a few months ago.

Most of the allegations on Ghosn have been made by Nissan who is a part of an alliance between Renault-Nissan-Mitsubishi Motors. Nissan made several claims which indicate that Ghosn was misusing his chief position for his personal benefits. Renault, on the other hand, did not remove Ghosn even after he had been arrested by the Japanese companies in financial misconduct accusations. However, a recent statement of Renault regarding using the company’s 50000 euros by Carlos Ghosn for his own benefits says lots of things. Still, Renault did not reveal any specific details regarding for what purpose Carlos Ghosn used the company’s money. But, if we look into some reports which are claiming that he must’ve used that money for his wedding celebrations. There are already many pieces of evidence regarding how Ghosn misused his authority for his own benefit, and now it seems like this one is new.

An alliance between Nissan-Renault-Mitsubishi Motors is now on the verge of the end because no company now wants to deal with each other after their Ghosn has been jailed.