PARIS (Reuters) – Renault (PA:) on Wednesday said that France’s anti-corruption agency was carrying out checks at the firm, confirming a French media report, though a source at the carmaker said the inspection was a routine matter.

French magazine Challenges was first to report the inspection but gave no further details.

One of the remits of the anti-corruption agency is to ensure that French regulations from 2016 – known as the loi Sapin and aimed at improving financial transparency – are being implemented correctly. Other businesses have also been targeted by routine checks into internal procedures.

“Renault confirms that it has been informed by (anti-corruption agency) AFA that it is carrying out an inspection of the measures contained in ‘loi Sapin’,” a spokeswoman said, adding that the company is cooperating with AFA to provide the necessary information and documents.

There was no initial indication that the checks were linked to judicial investigations into former head of the Renault-Nissan alliance Carlos Ghosn.

The anti-corruption agency AFA had no immediate comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2020-01-22