Categories: Business

Carlos Ghosn’s “hat retirement” will have to be decided by a commercial court

Carlos Ghosn was arrested in late 2018 in Japan to stand trial for alleged financial embezzlement while he was head of the Renault-Nissan group.
Anwar Amro/AFP

After his arrest in Japan in late 2018 and his flight to Lebanon, the former Renault boss went to court to claim his rights in a total amount of 774,774 euros per year.

It is a commercial court which “retirement hat» 5 years ago, the dizzying fall of Carlos Ghosn, consulted on Tuesday according to the decision of the Court of Cassation. After his arrest in Japan in November 2018, and his incredible flight to Lebanon, Carlos Ghosn went to court to demand his rights.retirement hat“, the retreat”Excessive supplementation» Financing by the company only, for a total amount of 774,774 euros per year. The businessman believes he was forced to “End his mandate

» Allowing Reno to work given his arrest. But Reno sees his departure as a resignation, and not a retirement, which will void his rights to that pension.

In response to Carlos Ghosn’s complaint, Renault defended before the Paris Judicial Court that the matter belonged to a commercial court. Rejected at first instance, Renault appealed and won its case before the Paris Court of Appeal in December 2021. Carlos Ghosn then appealed to the Court of Cassation to obtain the right to return to the Court of Justice. In a decision handed down on December 20, 2023, the Court of Cassation decided that the Commercial Court of Nanterre, a suburb of Paris, would be the one to decide the dispute.

5 years ago, Carlos Ghosn got dizzy

“No judgment on quality”

No decision has been made on the merits by any judge», underlined Carlos Ghosn’s lawyer, Maitre Franck Martin Leprede. “The Court of Cassation ruled only on technical procedural aspects regarding competent jurisdiction in supplementary retirement matters.

“, continued the lawyer. “We hope that the court will decide quickly, agreeing with Mr. Ghosn, because there is no doubt that he has finished his career at Renault.“, he continued. Contacted, Renault did not want to comment on the decision of the Court of Cassation.

Carlos Ghosn was arrested in late 2018 in Japan to stand trial for alleged financial embezzlement while he was head of the Renault-Nissan group. At the age of 69, the Franco-Lebanese-Brazilian businessman proclaimed his innocence and denounced from Beirut “Conspiracy» was prepared, according to him, by Nissan with the support of the Japanese government, to bring it down and thus avoid a close association with Renault. He is the subject of three arrest warrants: the first in Japan for embezzlement; Another in Nanterre for misappropriation of corporate assets and organized gang money laundering in connection with Omani distributor Suhail Bahawan Automobiles (SBA).

A third warrant was issued in Paris in July 2023 for corruption and misuse of corporate assets: investigating judges suspect that he paid 900,000 euros through a subsidiary of Renault to hide the lawyer and politician Rachida Dati, who recently became the Minister of Culture. Lobbying activity in the European Parliament while she was a Member of Parliament there.


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