Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Competing narratives in Malaysia Airlines disaster coverage

Read more

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

ENCORE!

Tunisia's Carthage International Festival turns 50

Read more

THE OBSERVERS

Muslims and Christians clean up Bangui, and violence spirals out of control in Algeria's Gardaia

Read more

IN THE PAPERS

Is there such thing as 'telegenic' victims of war?

Read more

IN THE PAPERS

2014-07-22 07:21 IN THE FRENCH PRESS

Read more

  • Defying UK, France to proceed with sale of warships to Russia

    Read more

  • Israel hits targets in Gaza despite diplomatic efforts for ceasefire

    Read more

  • Flight MH17 shot down ‘by mistake', US intelligence indicates

    Read more

  • US courts issue conflicting reports on Obamacare

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • US, European airlines suspend flights to Tel Aviv over Israel-Gaza conflict

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • France gives go-ahead to pro-Palestinian Paris rally

    Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • PSG punished by UEFA for abuse of disabled Chelsea fans

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • Children killed in minibus crash in eastern France

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

France

China says Renault spy scandal accusations are 'groundless'

Text by News Wires

Latest update : 2011-01-11

China has denied any connection to the industrial espionage scandal at French carmaker Renault, a foreign ministry spokesman said on Tuesday. French intelligence services are reportedly investigating the issue.

AFP - China on Tuesday denied any involvement in an industrial espionage scandal that has erupted at French car maker Renault, calling such claims "groundless, irresponsible and unacceptable".
              
French newspaper Le Figaro reported that a Chinese firm had paid undisclosed sums into Swiss and Liechtenstein bank accounts opened by two Renault executives implicated in the inquiry, which centres on electric car technology.
              
"As for this so-called story that China is involved, we believe this is totally groundless, irresponsible and unacceptable," foreign ministry spokesman Hong Lei told reporters.
              
Renault said it had suspended three top managers last week over suspicions they had leaked strategic information. Reports said the secrets concerned details of the electric cars on which Renault has staked its future.
              
Le Figaro, which did not identify its sources, reported on its website late Monday that the payments were discovered by private investigators hired by Renault.
              
The investigators uncovered a Swiss account containing 500,000 euros ($646,000) and another in Liechtenstein with 130,000 euros.
              
It said the money had been paid in by a Chinese power company.
              
In what appeared to be a bid to hide the payments, the cash was moved via a series of intermediary transfers via Shanghai and Malta.
              
Renault made no comment to Le Figaro on its story, but in comments to Le Monde newspaper at the weekend, the company's number two, chief operating officer Patrick Pelata, spoke in terms of an "organised international network".
              
Various media reports and analysts said spies were after information on the high-stakes electric car programme, and that Chinese firms stood to benefit.

 

Date created : 2011-01-11

  • AUTO INDUSTRY

    France to probe 'Chinese link' in Renault spy case

    Read more

  • FRANCE

    Renault's electric car details leaked to China, media reports say

    Read more

COMMENT(S)