The Arrest in May of a Suspect in The United Arab Emirates

The Arrest in May of a Suspect in The United Arab Emirates

In May, a man who was the subject of one of five arrest warrants obtained by French authorities in Nanterre as part of an investigation into former Renault CEO Carlos Ghosn was arrested in the United Arab Emirates.

Indian Divyendu Kumar, general manager of Omani car supplier Suhail Bahwan Automobiles (SBA) from 2008 to 2018, “was located and detained in Abu Dhabi on May 9, 2022,” according to a source with knowledge of the situation.

This source stated that the Ministry of Justice submitted a request for the return to the jurisdiction of the Emirates in June.

Mr. Kumar, who formerly held positions at Tata Motors, is the first to be arrested among the five individuals for whom arrest warrants were issued on April 21 as part of a judicial investigation initiated in Nanterre in February 2020.

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An investigating court suspects Carlos Ghosn and four SBA officials of engaging in a money laundering conspiracy as part of an organized and corrupt cartel.

Suhail Bahwan, the billionaire founder of SBA, is joined by his two sons and Divyendu Kumar, the former managing director of SBA. Mr. Kumar is suspected of “organized money laundering,” “corporate asset misuse,” and “continuing corruption.” Carlos Ghosn will receive the reward.

The defense team of 68-year-old Carlos Ghosn declined to comment on his detention. Kumar. Neither Renault nor his attorney Me Kami Haeri performed the action.

Strong or convincing indications, according to a source close to the investigation, lead to the suspicion that Carlos Ghosn ordered the payment of the Renault bonus to the SBA distributor, “covered by a certain number of accounting entries,” and that a portion of the bonus was sent to the screen companies of Carlos Ghosn’s assistants.

Over the years, SBA, which obtained the Omani market in 2005, has expanded its coverage of distribution – Saudi Arabia in 2010, and Iran in 2013 – to become a significant Renault partner.

Renault announced in April that it has initiated a strategic assessment of its partnership with the SBA, following the issuance of arrest warrants. Since then, “this review has been concluded and the contract with the SBA has not been renewed,” an AFP source with knowledge of the situation said.

In addition to the investigation in Nanterre, Carlos Ghosn is the subject of a judicial investigation in Paris relating to contracts signed with the subsidiary of Renault Nissan, RNBV, as well as an arrest warrant from the justice of Japan, the country where the former head of the automaker was scheduled to be sentenced for embezzlement before fleeing to Lebanon at the end of 2019.