PARIS -- Renault's board started a process to recover 11 million euros ($12.4 million) in Carlos Ghosn's suspect expenses when he chaired the alliance between the automaker and Nissan.
Board members are asking the group's representatives to liaise with their counterparts at Nissan to explore legal action to recover sums paid for by the Dutch jointly-owned subsidiary Renault-Nissan BV.
The suspect expenses amount to about 11 million euros, which include air travel fees, gifts to non-profit organizations and "certain other expenses" incurred for Ghosn, Renault's board said in a statement ion Tuesday after reviewing the results of a joint audit mission with Nissan,
Ghosn is facing financial misconduct charges, which he denies, and was freed in April from jail in Japan on a $4.5 million bail.
Ghosn has been indicted four times in Japan, twice on charges that he failed to disclose a portion of his earnings to authorities and twice for aggravated breach of trust. The latter included an allegation that he received $5 million in payments from a Nissan dealership in Oman after authorizing incentive payments to it from Nissan.
Ghosn has said he is the victim of a boardroom coup, accusing "backstabbing" former colleagues of conspiring to oust him as Nissan chairman.