The automaker Volkswagen announced that prosecutors germans expanded an investigation into possible market manipulation to include the chairman of the supervisory board of the company, Hans Dieter Poetsch.
The research is linked to the time in which Poetsch served as chief financial officer of VW, represents the latest setback for the company since it admitted last year that used a deceptive software to alter greenhouse gas emissions of their cars to diesel.
The prosecutor’s office in Braunschweig has announced the start of the research in June in which appeared involved the former executive of Volkswagen, Martin Winterkorn, and the head of mark VW, Herbert Diess, for alleged market manipulation related to the scandal of greenhouse gas emissions.
Volkswagen admitted to having installed on their cars, a software that altered the controls of pollution in more than 11 million vehicles with diesel engines sold in all the world, shook their overall business, damaged his reputation and led to the departure of Winterkorn of the executive presidency.
The prosecutor’s office said in June that his investigation focused on the evidence that the responsibility of VW to inform people about the possible financial damage generated by emissions testing altered could have arisen before 22 September 2015, when the automaker publicly acknowledged the practice.
“On the basis of a thorough investigation of legal experts, internal and external, the company reaffirms its perception that the management of VW fulfilled its duty to inform the capital market,” said VW in a statement on Sunday. He added that the company and Poetsch will cooperate fully with the investigation of the prosecutor’s office.
Reuters
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