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Thursday, July 29, 2021

German prosecutors charge more VW managers in emissions scandal

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Author: Reuters
This post originally appeared on Stock Market News

2/2 German prosecutors charge more VW managers in emissions scandal© Reuters. FILE PHOTO: A logo of German carmaker Volkswagen is seen on a car parked on a street in Paris 2/2

BERLIN (Reuters) -German prosecutors have charged 15 executives from Volkswagen AG (OTC:) and a car supplier in connection with the diesel emissions scandal that emerged in 2015, a spokesman for the prosecutor’s office said on Saturday.

The suspects are accused of aiding and abetting fraud in combination with tax evasion, indirect false certification and criminal advertising, said Klaus Ziehe from the prosecutor’s office in the northern city of Braunschweig.

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The scandal saw more than nine million vehicles of the VW, Audi, Seat and Skoda brands sold to consumers with a so-called defeat device which helped to circumvent environmental tests of diesel engines.

The prosecutor’s office did not name any of the charged executives, who are accused of bringing cars onto the market in a condition that was not officially approved, meaning they were illegal and advertised misleadingly, Ziehe said.

He added the indictment had now reached 1554 pages.

The prosecutions were earlier reported by news agency Deutsche Presse-Agentur (dpa).

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A Volkswagen (DE:) spokesman said a criminal investigation against the company was dropped in 2018 after it paid a fine, adding that the company was not involved in the upcoming trail against individual suspects.

“Against this background, we do not comment on the other charges that have come to light…,” the spokesman added.

Volkswagen said last month that it would claim damages from its former CEO Martin Winterkorn and former Audi boss Rupert Stadler over the diesel emissions scandal, which was discovered in 2015, as it looks to draw a line under its biggest-ever crisis.

The trial of Winterkorn and the other managers has been postponed until September due to the pandemic.

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German prosecutors charge more VW managers in emissions scandal
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