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New allegations against Ghosn concern Saudi payments

Dec. 27, 2018 3:33 AM ETRenault SA (RNLSY) StockMMTOF, RNSDF, NSANY, MMTOY, NSANF, RNLSYBy: Yoel Minkoff, SA News Editor
  • It's the latest twist in a saga that has jolted Nissan's (OTCPK:NSANY) alliance with Renault (OTCPK:RNLSY).
  • Fresh misconduct allegations brought by Tokyo prosecutors against ousted Nissan Chairman Carlos Ghosn center on the use of company funds to pay a Saudi businessman who is believed to have helped him out of financial difficulties, Reuters reports.
  • Khaled Al-Juffali is vice chairman of one of Saudi Arabia's largest conglomerates, E. A. Juffali and Brothers, and a member of the board at the Saudi Arabian Monetary Authority.

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