In the exhaust scandal at Volkswagen, the former CEO Martin Winterkorn moves targeted by the criminal investigators. Reason is an initial suspicion of market manipulation in the securities of Volkswagen, said the Braunschweig public prosecutor.
The prosecutors to allegations that Volkswagen may informed deliberately delayed on the financial consequences of millions of exhaust manipulation. Investigators have become take action on a complaint of the Financial Supervisory Authority.
In addition to Winterkorn, the investigation also concerned by a second at that time the board member. The Authority stressed here if it were not for the incumbent chairman Hans Dieter Pötsch, formerly CFO of the group was. The name of the second person did not name the authority. Volkswagen declined to comment. First, one wants to look at the allegations.
Other witnesses be heard
Attorney Klaus Prefer said there had been no searches in connection with the new allegations. He could not predict how long the investigation would last. “We need to listen natural and hear more witnesses, the parties now,” he said
The prosecutor further said. “Whether condenses said initial suspicion or can be disproved, depends on the result of the need for further investigation. ” Suppose that, as in all other investigations, the presumption of innocence.
Volkswagen had admitted in September 2015 to have test values manipulated in diesel cars in the US for emissions of harmful nitrogen oxides. This plunged the group into a serious crisis. A shareholder notification to the financial community about the impending consequences of the affair gave Volkswagen on September 22 out – the suspicion is that this “deliberately delayed” could be done
New conflict for the meeting.
with the investigations against the two former board members, the number of accused persons increased further. In March, prosecutors had significantly expanded their investigations of six to 17 accused. It is about the suspected fraud. In June investigations came against an employee because of deletion of data added.
The news about the investigation against Winterkorn comes two days before the meeting. To date, the group had already despite ongoing investigations in diesel scandal recommended its shareholders, the entire top management, ie express confidence in all members of management and supervisory boards. In the studies on gas affair “no clear and serious breach of duty” of incumbent or former board members would have to date found which might call into relief, says Volkswagen.
On the stock market the news had little effect. The VW preference shares was in the afternoon in a very tight market continues more than four per cent in the plus and was in the top group in Dax.
The most important data and facts on the exhaust affair
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