Another accusation: ex-head of Renault-Nissan deceived investorsAugust 28, 2019
Against Carlos Ghosn, another charge is brought: he created a fund for investing in startups, having obtained fraudulently millions from an Omani partner Nissan.
Former Renault-Nissan CEO Carlos Ghosn and his son built a business in Silicon Valley, investing in startups millions of dollars that he received fraudulently from a business partner of Nissan, according to The Wall Street Journal.
This is confirmed by documents on bank transfers, as well as testimonies of several people involved in the criminal scheme. Ghosn himself ran the business, through dummies, financing multi-million dollar deals, such as the Asian taxi service.
He did not inform Nissan’s board of directors that he had started an investment business with Nissan distributor Suhail Bahwan Automobiles in Oman.
A criminal charge related to Oman alleges that Ghosn stole Nissan’s money by agreeing that the automaker would pay $ 10 million to Nissan’s distributor in Oman, who returned $ 5 million of that money to Ghosn through Lebanese Good Faith Investments, i.e. in simpler terms, Ghosn did not shun multimillion-dollar “kickbacks”.
Ghosn categorically denies participation in any financial fraud, and this one too.
“Prosecutors, in collaboration with Nissan, have stepped up their campaign to denigrate Mr. Ghosn to undermine his reputation with fabrications, lies and misrepresentations. Ghosn is innocent and will certainly be acquitted if the court is truly fair, ”the representative of his defense wrote.
Meanwhile, a judge in the British Virgin Islands banned Ghosn from selling his 120-foot yacht. The Ghosn family broker found a potential buyer of the vessel, but the judge’s statement states that if the yacht is still sold, the family will have to transfer the proceeds to the court before resolving the dispute because of suspicions that it was also bought with money obtained by fraudulent means. The ship was purchased with funds from Good Faith Investments for $ 11.2 million in 2015. Ghosn’s assets also include a winemaking business in Lebanon, stakes in two Lebanese banks, and Middle Eastern real estate.
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