Porsche SE executives, board members are safe to travel to U.S.

2018 Porsche 911 GT3

Top managers and supervisory board members at Porsche SE, Volkswagen’s majority shareholder, can still travel to the United States with no risk or fear for prosecution, the company’s head of legal affairs stated.

“Porsche SE is convinced that no board member can be alleged of offences, and that the members of the management and supervisory boards can still travel to the United States with no restrictions and risk,” stated Manfred Doess, the holding firm’s legal chief at Porsche SE’s annual shareholder meeting.

U.S. officials previously this month issued an arrest warrant against Volkswagen’s former CEO, Martin Winterkorn, after indicting him on four felony charges in the diesel emissions scandal.

Porsche SE CEO Hans Dieter Poetsch, Volkswagen’s former finance chief who is being probed by Braunschweig prosecutors for suspected market manipulation associated with the scandal, informed shareholders that he frequently travels to the U.S.

Doess stated Porsche SE has no details of an international arrest warrant against Wolfgang Porsche, the company’s chairman and a member of Volkswagen’s supervisory board.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.