Ex-VW boss Winterkorn accused of serious fraud

The Prosecutor's office in Braunschweig has collected, among other things, against Martin Winterkorn indictment for fraud. The Ex-VW boss should have known, therefore, of the illegal defeat devices, and these still concealed. In addition to winter grain, four more VW are accused of Manager. the

In the exhaust gas scandal at Volkswagen has raised the public Prosecutor's office in Braunschweig indictment for fraud against five Accused - including the former group chief Martin Winterkorn. In addition, the prosecution authority accuses the executives of embezzlement, tax evasion and indirect false certification, as announced on Monday. All the deeds should have between 2006 and 2015, taken place.

the winter grain, after the millions of diesel manipulation had resigned in September 2015, to throw the investigators of fraud in a particularly serious case, violation of the unfair competition and infidelity. He should have known of the illegal defeat devices, the Diesel vehicles are cleaner to operate than this were actually. Nevertheless, he had it since may 2014, and the unlawful manipulations of Diesel engines to the competent authorities in Europe and the United States disclose the further incorporation of defeat devices. The group had issued thereupon, with the Knowledge and approval of winter grain in November 2014, a software update, in order to disguise the true reason for the elevated nitrogen oxide values of the vehicles. The names of the other accused executives of the public Prosecutor's office called.

the SEC has also filed a lawsuit against winter grain

in mid-March, had already been submitted to the U.S. securities and exchange Commission lawsuit against Volkswagen and its former group chief Martin Winterkorn. The Securities and Exchange Commission (SEC) accused the car maker and the Manager to investors in the United States cheated (here as PDF). VW have issued from April 2014 to may 2015 corporate bonds and securitised securities in the amount of more than 13 billion dollars, while Top managers of the group had already known of the exhaust tampering.

Volkswagen had admitted in front of three and a half years of pressure from the U.S. environmental protection authorities not to have a diesel exhaust gas values by means of a special Software manipulated so that the vehicles are the statutory limits on the test bench, in the normal operation. The reparation cost, the group has € 29 billion, mainly for penalties and compensation in the United States. In Germany, the preparation for a pattern for a declaratory judgment against the company, have now about 400 000 customers.