Ex-VW CEO charged over Dieselgate, faces millions in fines and 10 years in prison

German prosecutors have charged VW’s ex-CEO Martin Winterkorn over his role in the Dieselgate scandal. Winterkorn is accused of knowing about the conspiracy as early as 2014 but failing to inform regulators or consumers. Along with four others, he’s also accused of unfair competition, embezzlement, tax evasion, and giving false witness. The New York Times notes that these are the first criminal charges to be filed against an individual in Germany over the scheme.

The former VW CEO is thought to have played a substantial role in the scandal, which saw millions of diesel vehicles sold worldwide that produced illegal levels of pollution despite appearing to pass emissions tests. In the US, the SEC has also charged the ex-CEO for defrauding…

Continue reading…

from The Verge – All Posts http://bit.ly/2Upt5oY

Travel Back Up To The Top!