Regional carriers also reported the strongest growth at 19.9% year-on-year
"Also, in regards to Ghosn, numerous other significant acts of misconduct have been uncovered, such as personal use of company assets, and Kelly's deep involvement has also been confirmed."
The company said it had provided information to Japanese prosecutors and would propose to the board of directors that it "promptly remove Ghosn from his positions" along with Kelly.
The astonishing news first emerged Monday evening, when the Asahi Shimbun newspaper reported Ghosn was being questioned by prosecutors and was likely to face arrest.
Public broadcaster NHK reported that Tokyo prosecutors were raiding Nissan's headquarters in the city of Yokohama.
Renault shares plunged 12 percent in late morning trading in Paris on the shock news, which emerged after the end of the Tokyo session.
"If he is arrested, it's going to rock the Renault-Nissan-Mitsubishi alliance as he is the keystone of the alliance," said Satoru Takada, an analyst at TIW, a Tokyo-based research and consulting firm.
"He is the man of charisma for the alliance. It is likely to have a negative impact on its brand image," he told AFP.
Nicknamed Le Cost Killer, Brazil-born Ghosn, 64, is known for overhauling Renault and Nissan starting in the nineties.
Renault came to the rescue of the then-ailing Japanese automaker in 1999 and parachuted in Ghosn, who set about slashing costs and jobs in a huge corporate overhaul.
In 2016, Ghosn also took charge at troubled Mitsubishi after Nissan threw it a lifeline, buying a one-third stake for about $2.2 billion as it wrestled with a mileage-cheating scandal that hammered sales.
Ghosn has a high profile in Japan and is known as a major advocate of the country's auto sector. He has not yet commented on the allegations.
Regional carriers also reported the strongest growth at 19.9% year-on-year
Sharjah Children’s Reading Festival welcomes 260 guests representing 25 countries and 186 publishers
Imyoung Ma and Minkeong Kim hold on to clinch second place on a countback at the Majlis Course
UAE aims to double its gross domestic product to Dh3 trillion by 2030
The Polish player enters another chapter in his career at this week’s LIV Golf Singapore
The UAE won 96 gold, 103 silver and 97 bronze medals as they secured their position at the top of the standings
Using his bicycle, Jamaluddin offered to ferry individuals from one side of the flooded underpass to the other, ensuring they could cross without getting wet
Changes take effect on May 3 and aim to streamline the daily movement of riders