That news prompted the French government to look into the Chinese connection, which raised more than a few eyebrows in the People's Republic.
The whole conspiracy hinged on the existence of clandestine bank accounts in Switzerland and Lichtenstein which the corporate thieves could have used to stash their ill-gotten wealth. According to The Guardian, those accounts don't exist.
The accused executives have since set about suing Renault for the accusations, and with no hard evidence to support the claims, it looks as if someone simply pulled an elaborate hoax on the company. At this point, it's unclear who orchestrated the stunt or the motive behind it. Thanks for the tip, Aron!
[Source: The Guardian]