VW manipulated world measurement data at eleven million vehicles in Germany alone, the Group must recall 2.4 million diesel cars. The leadership of the group knew well before the manipulations in the United States, as initially added.
prosecutor determined in VW scandal against Winterkorn and Diess
19:08: pm: in the exhaust scandal at Volkswagen prosecutors under investigation for market manipulation against former VW boss Martin Winterkorn and the reigning Volkswagen boss Herbert Diess ,
trigger of the investigation is a criminal complaint by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), as the public prosecutor announced on Monday. She watches over the duty of listed companies, with the so-called ad hoc announcements to inform the financial community in good time about important issues.
The prosecution called former VW CEO Winterkorn as accused, saying moreover by another former board member , After dpa information it involves VW Markenschef Diess. It is in the present investigation in order to deal with the affair shortly before their flying up, not to events surrounding the birth of the manipulations that go back already about ten years.
With the recent suspicions reach the public prosecutor’s investigations the first time the top floor of the car manufacturer. The prosecution sees sufficient evidence that the carmaker too late could possibly have informed “about the likely significant financial losses of the group”
The initial suspicion of market manipulation but goes beyond the mere delay addition. Is According to the Securities Trading Act market manipulation, inter alia present if “incorrect or misleading information” made or circumstances be concealed, that can significantly affect the price of a stock, for example. Is the public so uninformed aware by law may be market manipulation. “A market manipulation within the meaning of the penal provision of the Securities Trading Act can only be committed intentionally,” said Attorney General Klaus Draw apparently
prosecutor determined against Volkswagen boss Diess
16:36.: the Braunschweig public prosecutor’s office in the exhaust scandal because of possible market manipulation by information the German press agency against Volkswagen boss Herbert Diess. The learned the dpa on Monday from several independent sources. A company spokesman was about to initially not comment
office is investigating former VW CEO Winterkorn
15:27:. The Braunschweig public prosecutor’s office in the exhaust gas scandal on suspicion of market manipulation against the retiring VW Group CEO Martin Winterkorn. This was announced by the Authority on Monday in Braunschweig. In addition, another person standing in focus, but whose identity the prosecution did not have.
During the investigations it related to the charge that Volkswagen finance might had informed late about the affair. This initial suspicion directed against another at that time the board member, said the prosecution. Whether the case raised a sitting or former board member, did not want to say Attorney Klaus Draw on demand. He cited personal rights. Winterkorn as a figure of contemporary society, however, allow the mention of the name.
According to the report it is not in the second former board to the current VW supervisory board Hans Dieter Pötsch, who was at the outbreak of the affair CFO and fall to his then departmental communications to the financial community as well.
Drag said he could not predict how long the investigation would last. “We need to listen and of course hear other witnesses the parties now,” he said. The prosecutor: “Be it condenses said initial suspicion or can be disproved, depends on the result of the need for further investigation.” It presumed innocent.
VW denies exhaust scandal trial
Volkswagen surprised a few days ago with the assertion that the inserted manipulation software is not illegal. This resulted from the statement of defense by lawyers of Volkswagen AG in a process in which it comes to a manipulated VW Tiguan. Commission, there was no manipulation and that there is no undue shutdown at the EA189 diesel engines, the VW-lawyers. This contradicts completely the statements of Minister of Transport Dobrindt and the KBA. They had told the VW report for exhaust affair, VW had the illegal shutdown added.
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Winterkorn: here Volkswagen announces the resignation of
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