Renault board to meet as Ghosn faces crucial hearing
The board of French automaker Renault will meet Thursday night ahead of a new court appearance in Japan for CEO Carlos Ghosn, who could be facing fresh fraud charges and more time behind bars.
No agenda items have been disclosed to board members, a CGT union official at Renault, Fabien Gache, told AFP.
The gathering comes two days after Ghosn, once a towering figure in the auto industry, made his first court appearance over alleged financial impropriety during his years as head of Renault's alliance partner Nissan.
The 64-year-old former Nissan chairman has been languishing in a Tokyo detention centre for more than 50 days as he fights multiple allegations of financial misconduct.
He has been formally charged with under-declaring his income by tens of millions of dollars in an apparent bid to quash accusations he was overpaid.
He also faces questioning in connection with alleged attempts to transfer personal investment losses to Nissan and making unnecessary payments to a Saudi ...