Tags: EU | Germany | Volkswagen

Germany: Volkswagen Bosses Charged with Market Manipulation

Germany: Volkswagen Bosses Charged with Market Manipulation

Tuesday, 24 September 2019 06:42 AM EDT

BERLIN (AP) — German prosecutors say they have charged Volkswagen CEO Herbert Diess and chairman Hans Dieter Poetsch, along with former CEO Martin Winterkorn, with market manipulation in connection with the diesel emissions scandal that erupted in 2015.

Prosecutors in Braunschweig said Tuesday that the three men are accused of deliberately having informed markets too late about the costs to the company that would result from the scandal.

That, they said in a statement, meant that they improperly influenced the company's share price.

Winterkorn resigned shortly after the scandal became public.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
German prosecutors say they have charged Volkswagen CEO Herbert Diess and chairman Hans Dieter Poetsch, along with former CEO Martin Winterkorn, with market manipulation in connection with the diesel emissions scandal that erupted in 2015.Prosecutors in Braunschweig said...
EU,Germany,Volkswagen
90
2019-42-24
Tuesday, 24 September 2019 06:42 AM
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