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hundreds of millions of dollars on a large plastic-components provider in France, an interiors business in Austria, and a sealings specialist in Germany, according to people familiar with the deals, even as cash was running out at First Brands. The idea: to replicate the U.S. company’s rapid growth through acquisitions in Europe.He’s Been Right About AI for 40 Years. Now He Thinks Everyone Is Wrong.The Smartest Fliers Use This App to Survive America’s Travel HellTrump Implements Major Rollback of Food TariffsHere’s How Much Coffee, Beef and Banana Prices Have Gone UpCharlie Javice Billed Hotels and Cellulite Butter as Legal Fees, JPMorgan SaysFirst Brands is now in chapter 11 proceedings and creditors are at the start of trying to claw back around $11 billion. Numerous banks and investment funds have said they or their investors stand to lose money. Through the turmoil, James’s European arm has continued to operate.New managers at First Brands have accused James of enriching himself at the company’s expense and said they found evidence of financial fraud by employees. The company’s new chief executive told the bankruptcy court that hundreds of millions of dollars of corporate cash were transferred to personal accounts and other companies James controlled over several years.A spokesman for James said he denies the allegations and that he always conducted himself ethically. His lawyers in court filings said James reinvested hundreds of millions of dollars into First Brands.First Brands’ headquarters in Rochester Hills, Mich. - EagleViewWhile First Brands had some operations in Europe, the separate push by James into the region was little known before the bankruptcy.The plan, according to the people familiar with the deals, was for him to diversify beyond First Brands and buy in Europe at a time when valuations were low because of tariff concerns.In April, a holding company controlled by James bought auto-parts maker Novares, based about 10 miles outside Paris. Novares makes door handles, armrests and engine parts at sites across Europe and China, and has annual sales of around $1.3 billion.The deal was negotiated by the First Brands strategy team and an auto executive recruited in Europe. They told people involved in that transaction that the purchase was to launch a European business for James, separate from First Brands.European competition regulators reviewed the purchase and cleared it in March. They cited James as the acquirer via a company called Global Technologies. 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