German prosecutors confirm investigation of VW chairman

The investigation by prosecutors in Braunschweig focuses on whether Volkswagen (VW) in 2015 manipulated markets by delaying the release of information about the financial impact of its emissions test-cheating scandal.

German prosecutors confirm investigation of VW chairman
Volkswagen logo is pictured at the newly opened Volkswagen factory in Wrzesnia. Photo: Reuters

German prosecutors said on Monday they are probing Volkswagen supervisory board Chairman Hans Dieter Poetsch over suspected market manipulation related to the emissions scandal at the carmaker, confirming a VW statement.

The investigation by prosecutors in Braunschweig focuses on whether Volkswagen (VW) in 2015 manipulated markets by delaying the release of information about the financial impact of its emissions test-cheating scandal.

VW on Sunday said a probe announced in June and targeting VW brand Chief Executive Herbert Diess and former group CEO Martin Winterkorn has been widened to include Poetsch, its former finance chief.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/personal-finance/photo-gallery-epfo-retirement-pension-scheme-early-pension-superannuation-disablement-widow-child-orphan-pension-online-login-passbook-employee-provident-fund-327598

EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know

https://www.zeebiz.com/trending/news-rains-in-tamil-nadu-orange-alert-issues-for-november-26-regional-meteorological-centre-cyclone-south-andaman-sea-puducherry-karaikkal-327505

Tamil Nadu Weather News: Heavy rain likely in TN, orange alert issued for Nov 26

https://www.zeebiz.com/markets/stocks/photo-gallery-psu-and-largecap-shares-to-buy-short-term-bse-sensex-nse-nifty-pick-of-the-day-327460

Stocks to buy: Hindustan Aeronautics, Zomato, Tata Tech, GMR Airports among analysts' top picks

https://www.zeebiz.com/trending/photo-gallery-delhi-aqi-today-air-pollution-level-falls-to-very-poor-quality-schools-closed-work-from-home-started-in-office-government-bans-firecrackers-sale-on-ecommerce-sites-city-records-lowest-temperature-327481

Delhi AQI Today: Air quality index level drops; city records season's lowest temperature

https://www.zeebiz.com/markets/stocks/photo-gallery-largecap-psu-stock-power-grid-share-price-target-nse-bse-acquires-khavda-v-a-power-transmission-project-327494

120% return in 3 years: Largecap PSU stock gains as company announces acquisition - Do you own?

https://www.zeebiz.com/markets/stocks/photo-gallery-10-stocks-to-buy-under-rs-500-psu-largecap-midcap-smallcap-nse-nifty-bse-sensex-327566

Need Stocks to Buy Under Rs 500? Analysts bullish on 10 scrips for long term

https://www.zeebiz.com/personal-finance/photo-gallery-top-5-small-cap-mutual-funds-with-best-sip-xirr-returns-in-1-year-calculator-inr-rs-25000-monthly-investment-has-grown-to-355000-nifty-150-tri-bse-invesco-edelweiss-hsbc-franklin-nav-aum-327419

Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme

https://www.zeebiz.com/personal-finance/photo-gallery-top-7-sbi-sip-mutual-funds-with-highest-sip-return-xirr-in-1-year-capital-gains-calculator-how-inr-rs-25000-monthly-investment-has-grown-to-bse-sp-nifty-multi-large-health-tech-banking-326674

Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404

Written By: Reuters
Updated: Mon, Nov 07, 2016
08:17 PM IST
Hamburg, Reuters
RELATED NEWS
Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker Hyundai Motor pips Volkswagen to become world's 2nd-largest automaker
Auto Roundup | Explore this week's vehicle launches, sales reports, limited editions and other notable highlights Auto Roundup | Explore this week's vehicle launches, sales reports, limited editions and other notable highlights

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x