The expanding dragnet could lead to more criminal charges, one source said.
A Nissan spokesperson declined to comment on the matter, and spokespeople from Renault did not immediately respond to messages.
Ghosn is nominally still chairman of the Renault Nissan Mitsubishi alliance, which is represented by the Renault-Nissan BV entity based in Amsterdam.
Nissan began sharing evidence of its initial internal probe that led to the arrests of Ghosn and Kelly with Renault’s corporate lawyers this week, one of the sources said. Renault has said it has begun a similar investigation of its own operations.
Nissan-affiliated subsidiaries under scrutiny in the expanding investigation include:
- Nissan International Finance
- Nissan International Holdings
- Nissan International Holdings (FM)
- Nissan Mitsubishi BV
- Renault Nissan Facilities
- Nissan Motor Parts Center
Also still under investigation is Zi-A Capital BV, another Netherlands-based entity Nissan set up in 2007 as a venture capital company. The company was flagged by Nissan auditors who could not find evidence of venture investment, a person familiar with the case said. Zi-A instead seemed to be paying for real estate that Nissan now claims was acquired for Ghosn’s personal use.
The subsidiaries were established in the Netherlands, partly because it was seen as a kind of neutral territory between Japan and France. The Netherlands also has lower tax rates than Japan and more relaxed rules governing the disclosure of executive compensation.
Nissan’s board dismissed Ghosn as chairman three days after his arrest and is scheduled to meet Dec. 17 to appoint a new chairperson. Ghosn remains chairman and CEO of Renault, but the company has appointed interim leaders to assume his duties while he is detained in Japan.