An investigation on behalf of investors of Renault SA (OTC: RNLSY) shares over potential securities laws violations by Renault SA and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Renault SA (OTC: RNLSY) concerning whether a series of statements by Renault SA regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

France based Renault SA designs, manufactures, sells, and distributes vehicles worldwide. Renault SA reported that its annual Total Revenue rose from over $51.24 billion in 2016 to over $58.77 billion in 2017 and that its Net Income increased from over $3.41 billion in 2016 to over $5.11 billion in 2017.

Shares of Renault SA (OTC: RNLSY) increased to as high as $24.50 per share in March 2018.

On November 19, 2018, various news sources reported that Renaults Chief Executive Officer and Nissan Chairman, Carlos Ghosn, was arrested after an internal company investigation revealed Ghosn had underreported his compensation to the Japanese financial authorities for several years.