Economy

Diesel emissions scandal: Ex-VW boss Winterkorn charged in US

Diesel emissions scandal: Ex-VW boss Winterkorn charged in US”

Volkswagen's former chief executive has been indicted on fraud charges in the United States over the carmaker's yearslong effort to rig its diesel vehicles to feign compliance with federal emissions standards.

An indictment filed in secret in March was unsealed on Thursday in a United States district court and named numerous former executives.

Mr Winterkorn, who resigned from the company as a storm erupted over the company's behaviour in September 2015, has always maintained he knew nothing about software created to cheat emissions tests.

More news: WPX Energy (WPX) Upgraded to "Buy" by ValuEngine

Updated with comments from Volkswagen.

U.S. Attorney General Jeff Sessions said in a statement that the charges show "Volkswagen's scheme to cheat its legal requirements went all the way to the top of the company". The allegations and eventual admission led to billions erased from the company's coffers, Winterkorn's ouster, a worldwide scandal, and one conviction of a VW executive in the U.S.so far. Winterkorn and the other five, Richard Dorenkamp, Heinz-Jakob Neusser, Jens Hadler, Bernd Gottweis and Juergen Peter, are in Germany, where they are safe from extradition to the US under the German Constitution.

Germany typically does not extradite its citizens for trials outside of the European Union.



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