Former VW CFO Investigated by German Prosecutors

Former VW CFO Investigated by German Prosecutors

0 comments 📅09 November 2016, 10:00

Hans Dieter Potsch, erstwhile VW finance chief and current supervisory eat Chairman, is now the target of a German investigation.

The search centers around suspected market manipulation and came approximately as a result of the TDI scandal that rocked Volkswagen.

The scrutiny that Potsch is now being included in is the unchanging one that investigated former VW CEO Martin Winterkorn and label chief Herbert Diess.

“Based on a unmitigated examination by internal legal experts, the troop reaffirms its belief that VW’s management fulfilled its duties to implicate the capital market,” said VW in a release.

The Porsche and Piech families, who are behind Porsche SE, the holding band that has a controlling share of VW, are publicly supporting Potsch.

The inquest comes at a bad time for VW, which is facing assessment for arguing last week that its conquer device did not contravene European law.

Moreover, a dispatch this weekend alleges that another swindler device, distinct from those implicated in the TDI scandal, has been found in the Audi A6, Q5, and more.

[source: Automotive Tidings]

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