Renault Executive Denies Spy Claims

Jan. 11, 2011
Michel Balthazard says he is 'victim of a scandal he had no part in.'

Michel Balthazard, a Renault executive suspected of spying on the French carmaker, firmly denied on Jan. 11 that he had engaged in espionage. He said that he was the "victim" of a scandal he had no part in.

"Renault is making very serious accusations against me which I totally refute. The facts were outlined to me and I refute them as well," Michel Balthazard said.

He made the denial after he was summoned to a meeting with Renault bosses along with two other senior managers suspected of industrial espionage reportedly involving the company's electric cars program.

"Today, I consider myself the victim of an affair that is beyond me," said Balthazard, promising to cooperate with any investigation and insisting that during his 30 years in the company he had always been loyal.

Renault last week suspended the three executives over suspicions they had leaked strategic information.

Le Figaro newspaper reported on Jan. 11 that a Chinese firm had paid undisclosed sums into Swiss and Liechtenstein bank accounts opened by two Renault executives implicated in the inquiry. Beijing has has angrily denied the charge. French government's spokesman Francois Baroin has insisted Paris is not pointing the finger at any country in the affair.

Copyright Agence France-Presse, 2011

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