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Nissan's Ghosn crisis

Nissan accuses Ghosn of misappropriating $4m for personal use

Money spent on Cartier gifts as well as parties in Versailles, Cannes and Rio

Carlos Ghosn and his wife Carole attended the 70th Cannes Film Festival in 2017. Nissan says its ex-chairman misused funds to attend such events.   © Reuters

TOKYO -- Former Nissan Motor chairman-turned-fugitive Carlos Ghosn improperly spent at least 3.9 million euros ($4.34 million) of company funds for personal use, the Japanese carmaker said in an audit filed Thursday.

Expenditures included those related to a party at the Palace of Versailles in Paris, as well as gifts purchased at luxury jeweler Cartier in the same city. Nissan disclosed the findings of an audit in a corporate governance filing submitted to the Tokyo Stock Exchange.

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