Volkswagen bosses charged in Germany in emissions case
BERLIN — German prosecutors on Tuesday charged Volkswagen’s chief executive, chairman and former CEO with stock manipulation for not telling investors the emissions cheating scandal was about to break.
CEO Herbert Diess, Chairman Hans Dieter Poetsch and former CEO Martin Winterkorn were accused of deliberately informing markets too late about the huge costs to VW that would result from the 2015 scandal, which erupted when regulators discovered that millions of diesel cars had been fitted with software designed to thwart pollution tests.
Winterkorn was previously charged in the scandal itself. Poetsch and Diess had not faced charges until now.
