Chinese whispers embarrass Renault

Renault’s wrongful dismissal of three executives highlights the pitfalls of whistleblower investigations, according to Kroll’s Hong Kong head.
Tadashi Kageyama, Kroll
Tadashi Kageyama, Kroll

Renault will hold an extraordinary general meeting today to discuss the botched industrial espionage investigation that led it to wrongfully dismiss three executives in January.

Investigators said last week they could find no evidence for the allegation that a senior executive at the French carmaker, along with two of his deputies, had accepted bribes in return for sensitive information relating to Renault’s electric-car business and hidden the cash in bank accounts in Switzerland and Liechtenstein.

At the time, a lawyer for one of the executives, Mathieu Tenenbaum, recounted how Renault threw his client out of the building “in a matter of minutes, with no justification apart from...

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