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.

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Written By: Reuters
Updated: Mon, Nov 07, 2016
08:17 PM IST
Hamburg, Reuters
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