The Amsterdam-based joint venture, Renault-Nissan B.V. was chaired by Ghosn, until he was taken into custody in November last year, the Kyodo news agency said. Nissan and Renault also reportedly launched a joint probe concerning the possible involvement of the co-venture in any financial fraud.
Ghosn and Greg Kelly, his right-hand man, were arrested in Tokyo on 19 November on suspicions of misreporting Ghosn’s earnings to Nissan over a five-year period from 2010. Ghosn has denied all accusations brought against him.
READ MORE: Tokyo Court Grants Ex-Nissan Head Ghosn Bail — Reports
Following the arrest, Nissan removed Ghosn from the post of its chairman. On 25 December, Kelly was released on bail.
In January, Ghosn resigned as chairman and CEO of Renault, which prompted the French automaker to conduct a management reshuffle.