Former Volkswagen CEO to face charges of organized commercial fraud

published 09.09.2020 20:00

Image of article 'Former Volkswagen CEO to face charges of organized commercial fraud'

Former Volkswagen Chief Executive Martin Winterkorn will face charges of conspiracy to commit organized commercial fraud with a high likelihood of conviction, a court probing the carmaker’s diesel emissions scandal said on Wednesday.

A court in Braunschweig, Germany, near where Volkswagen is headquartered, expanded the list of charges beyond fraud to include organized commercial fraud, preliminary remarks published by the court at the start of the trial showed.

Winterkorn and other Volkswagen executives face charges for their role in allowing diesel cars with illegal emissions-masking software to hit the road.

Because Volkswagen vehicles had higher pollution levels than was declared, they should have been subject to higher road tax, and former Volkswagen executives should therefore also face charges of tax evasion and false advertising, the court added.

Volkswagen said that while it was no longer the target of prosecutors after settling charges, it wanted to emphasize that all of the accused were innocent until proven guilty.

by View Author from nypost.com

Free awesomeness straight to your inbox!

Sign up now for this free newsletter to receive hand picked content, covering topics like Lifestyle, Business & Technology.

Free Newsletter Sign up now!

..or jump directly to the latest posts!