Volkswagen emissions scandal expands as prosecutors probe chairman Hans Dieter Poetsch

by SpeedLux
Hans Dieter Poetsch

German prosecutors broadened an inquiry into presumed market control by supervisors at Volkswagen to add the automaker’s supervisory board Chairman Hans Dieter Poetsch, Volkswagen stated.

The investigation, which associates with Hans Dieter Poetsch’s time as financing chief, is the current fallout from Volkswagen‘s admission in 2015 that it cheated on diesel emissions tests.

Volkswagen has acknowledged it installed software application that shut off contamination controls on over 11 million diesel automobiles sold worldwide, harming its worldwide organisation and triggering the departure of CEO Martin Winterkorn.

Contributing to its difficulties, a German newspaper reported on Sunday that a U.S. regulator discovered another cheat software application gadget in automobiles made by its high-end department Audi which is unassociated to the gadget that activated in 2015’s scandal. Audi has refused to discuss the report.

The prosecutor’s workplace in Braunschweig initially revealed the marketplace manipulation probe in June, targeting previous CEO Winterkorn and Volkswagen brand chief Herbert Diess for presumed market manipulation associated to the emissions scandal.

The prosecutor’s workplace stated at the time that its inquiry fixated proof that Volkswagen’s responsibility to reveal possible monetary damage from the emissions test cheating might have occurred prior to Sept. 22, 2015, when it openly confessed the scandal.

Winterkorn had already quit Volkswagen at the time, while Diess is still head of its core brand name.

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