November Arrest: Ghosn Associates and Lebanese Company

november arrest: Nissan previously found that its own regional subsidiary made questionable payments of more than 30 million to SBA. But the information sent to French prosecutors shows that much of the cash was then channeled to a Lebanese company controlled by Ghosn associates, the sources said, according to The Japan Times. The total sum paid by Renault is in the double-digit millions of dollars, one source said. This follows an internal investigation by the French carmaker after Ghosn's November arrest in Tokyo for suspected financial misconduct at alliance partner Nissan Motor Co. ; Renault has established it paid out millions of euros described as dealer incentives to Omani distributor Suhail Bahwan Automobiles SBA over five years from around 2011, said the sources, who were briefed on the findings. We categorically deny the allegations of potential embezzlement in Oman, said Ghosn's French lawyer, Jean-Yves Le Borgnet. Responding last month to earlier reports about the Nissan payments via SBA, a Ghosn family spokesman said The dealer incentive payments were directed by regional heads, not the CEO, and rewarded top performing dealers around the world. Renault spokesman Frederic Texier declined to comment, while the French financial prosecutor's office did not respond to requests for comment and SBA could not be reached. (news.financializer.com). As reported in the news.