Renault Admits Wrongdoing In Spy Case, Executives Exonerated

Renault is admitting that is wrongfully dismissed three executives accused of corporate espionage, saying it has found no evidence to support the allegations made.

Carlos Ghosn, Renault’s CEO, met with the three and promised compensation for their erroneous termination. Renault had accused the executives of holding illicit bank accounts in Switzerland and Lichtenstein, but their claim was contradicted by authorities in both countries. Renault is now investigation potential fraud related to another employee.

“At this stage we do not know whether we are dealing with just fraud or a deliberate attempt to destabilize Renault,” Paris Chief Prosecutor Jean-Claude Marin said. “If there was any espionage it was not carried out through the networks identified by Renault.”

[Source: Automotive News]