Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Friday 08 February 2019 3:13 pm  |  Updated:  Monday 03 June 2019 1:30 am

Ghosn offers to reimburse Versailles for lavish Marie Antoinette-themed wedding

Ousted Renault boss Carlos Ghosn has offered to reimburse the Chateau de Versailles for his wedding after it emerged the French carmaker paid part of the costs.

The French car firm said yesterday it would alert prosecutors over concerns that Renault’s sponsorship deal with the palace, where Ghosn held a wedding reception in 2016 as well as a party for his wife's birthday, benefitted its former boss to the tune of €50,000 (£43,800).

Read more: Renault will alert prosecutors over Ghosn’s Versailles wedding costs

Ghosn, who was arrested in November over allegations of financial misconduct, plans to pay back the palace over his Marie Antoinette-themed wedding party, according to reports.

The palace would then in turn reimburse Renault.

Renault’s internal probe flagged concerns over the sponsorship contract and has passed it on to Japanese prosecutors.

French daily newspaper Le Figaro reported that Renault’s sponsorship of a renovation project at the Versailles had also included renting the Grand Trianon palace, commissioned by King Louis XIV and built in 1687.

The former Nissan chairman has now been held in a Tokyo jail for almost three months.

Both Nissan and Renault has launched investigations into Ghosn following allegations he under-reported his salary.

The investigations have widened to include claims he used company funds to buy homes in Rio de Janeiro, Paris, Amsterdam and Beirut and to pay his sister for consulting jobs she did not do.

Earlier this week it emerged that Nissan plans to list then freeze ¥ 9bn (£63.2m) in compensation to Ghosn in its next quarterly statement but had no intention of paying it.

The payments match how much Ghosn is alleged to have underreported his pay for the eight years leading up to March 2018.

Read more: Ghosn says charges against him are a ‘plot’ by Nissan executives 

In remarks to the Tokyo Court, Ghosn denied receiving compensation from Nissan that was not disclosed.

Ghosn is currently being detained in Tokyo but has denied all allegations of wrongdoing.

 

 

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

Trending Articles

  • Citroën 2CV returns as a £13,000 electric car, and the timing is no accident

  • The former African gold miner taking on the billionaire Issa brothers

  • Music tycoon Simon Cowell sued by prominent City lawyer

  • As it happened: Choppy day for FTSE 100 after Iran closes Strait of Hormuz as strikes ramp up

  • Barclays and Lloyds back calls to digitalise UK markets and unlock £33bn boost

More from City PM

  • Goodwood Festival of Speed 2026 Preview

    Sponsored
    Renault's 5 Turbo 3E will make its UK debut at the Goodwood Festival of Speed
  • Why do six Premier League clubs still not have front of shirt sponsors?

    Sport Business
    Without the article title or content, its challenging to provide specific alt text. Please provide more context or details...
  • Britain to offer visa refunds to woo tech scale-ups

    Tech
    Peter Kyle speaking at a podium during a press conference, addressing current issues and developments
  • Specialist tech recruiter sees hiring slump across UK and Europe

    Tech
    Skyline of Canada financial district with modern skyscrapers and historic landmarks under a clear blue sky
  • Liverpool have the most valuable front-of-shirt deal in the Premier League

    Sport Business
    Getty Images logo on a modern office building facade, symbolizing global media influence and corporate presence
  • HoneyBook Expands Platform with New Features for Photographers

    Business Wire
  • King Charles to publish tax bill for ‘transparency’

    Tax
    King Charles addressing the public during a royal event, wearing a formal suit and standing in front of a historic building.
  • Wise profit slides as costs racks up from US listing

    Fintech
    Wise outlined plans to shift its primary listing to the US in June.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook