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But.... German prosecutors brought criminal charges of stock market manipulation against Herbert Diess https://www.reuters.com/article/us-volkswagen-emissions

by nix23 5y ago

But.... German prosecutors brought criminal charges of stock market manipulation against Herbert Diess https://www.reuters.com/article/us-volkswagen-emissions-trial-diess-idUSKBN1W918N https://www.reuters.com/article/us-volkswagen-emissions-tria... >As the current CEO of Volkswagen, Herbert Diess was prosecuted, along with and Hans Dieter Pötsch, the chairman of the supervisory board of Volkswagen https://en.wikipedia.org/wiki/Herbert_Diess https://en.wikipedia.org/wiki/Herbert_Diess

rad_gruchalski 5y ago
Yes, but stock manipulation, as bad as it gets, is not what enabled the emissions scandal. The actions under charges are the outcome of the already uncovered scandal. The emissions scandal was uncovered in September 2015. Diess joined VW from BMW in December 2014. https://en.wikipedia.org/wiki/Herbert_Diess https://en.wikipedia.org/wiki/Herbert_Diess: "Shareholders were withheld from being informed about the huge financial implications due to the falsified diesel emissions. The scandal then gained media attention which highlights German law. German law requires top executives to inform shareholders about significant financial risks and issues."
- nix23 5y ago
  That why i wrote "But"... ;)