قالب وردپرس درنا توس
Home / Business / Martin Winterkorn: Ex-Volkswagen boss accused of diesel fraud

Martin Winterkorn: Ex-Volkswagen boss accused of diesel fraud



The prosecution in Braunschweig announced on Monday that Winterkorn was one of five people charged in a case involving the scam industry scandal.

Winterkorn was accused, according to a statement by the prosecutor of a particularly serious fraud. The indictment will be punished with a maximum of 10 years imprisonment.

The former CEO has also been charged with embezzlement and violation of competition law. You could order him to repay the bonuses he received as a reward for the sale.

The prosecution claims that Winterkorn knows that the diesel emissions were already manipulated in 2014, but without informing authorities and customers. The following year, Volkswagen admitted cheating the rules of air pollution control with software that made emissions less toxic than they actually were.
Winterkorn's failure to end his practice led to "significantly higher" fines against Volkswagen prosecutors in Europe and the US. The scandal has cost the car maker about 32 billion dollars.
Volkswagen ( VLKAF ) declined to designate the allegations as a private matter.

Winterkorn lawyer Felix Dörr said he could only comment on the charges if he read the full indictment.

The public prosecutor's office claimed to have filed the indictment and 75,000 pages of additional evidence before a court in Braunschweig, which will decide whether Winterkorn is in court.

Another 36 people are still under investigation.

  The EU accuses German car manufacturers of delaying clean air technology
Winterkorn was indicted by US federal prosecutors in 2018 for fraud and conspiracy of cables. He was accused of betraying Volkswagen's American customers and violating the Clean Air Act.

The US Securities and Exchange Commission also announced last month that it is suing Volkswagen and Winterkorn, accusing them of having "committed a massive fraud."

The market authority said Volkswagen and Winterkorn fraudulently borrowed billions of dollars from investors, including through the company's excessive environmental impact.

In Germany, sales of Volkswagen diesel cars recovered. Around 43% of all Volkswagen automobiles sold in Germany last year were diesel deliveries. This was close to their share before the scandal of 49%.

Chris Liakos and Stephanie Halasz contributed to this article.


Source link