HomeNewsWorldFrance issues arrest warrant for disgraced auto tycoon Carlos Ghosn

France issues arrest warrant for disgraced auto tycoon Carlos Ghosn

Nanterre prosecutors’ office in France said Friday that the arrest warrant for the former head of Nissan and Renault is among five issued by them.

April 22, 2022 / 14:19 IST
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Source: Reuters
Source: Reuters

French prosecutors have issued an international arrest warrant for disgraced auto tycoon Carlos Ghosn, who fled Japan in 2019 for Lebanon in a gripping escape.

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Nanterre prosecutors’ office in France said Friday that the arrest warrant for the former head of Nissan and Renault is among five issued by them.

The Ghosn warrant is based on an investigation opened in 2019 into money laundering and abuse of company assets reportedly over millions in alleged suspect payments made between the Renault-Nissan alliance and Suhail Bahwan Automobiles (SBA), a vehicle distributor company in Oman owned by billionaire Suhail Bahwan.

The Nanterre prosecutors’ office described this as the next step in a two-year investigation, one of two separate cases involving Ghosn in France focusing on payments made to SBA.

A statement sent to Associated Press Friday from his PR team called the French warrant “surprising.”

The statement also suggested that the warrant was ineffective as Ghosn “is subject to a judicial ban on leaving Lebanese territory,” where he currently resides.

Lebanon does not extradite its citizens. Ghosn has citizenship in Lebanon, France and Brazil.

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