Audi CEO Rupert Stadler under probe in diesel case
The homes of Rupert Stadler and another Audi board member were raided on Monday in a case of fraud and falsifying documents relating to sales of diesel cars in Europe
Berlin: The head of Volkswagen AG’s Audi brand was named a suspect in the diesel-rigging scandal, making him the highest-ranking active official in a probe that’s now focusing on upper management nearly three years after the carmaker admitted to cheating.
The homes of Rupert Stadler and another Audi board member were raided on Monday, Munich prosecutors said in an emailed statement. Both are being investigated for fraud and falsifying public documents relating to sales of diesel cars in Europe.
The second suspect is Bernd Martens, Audi’s head of purchasing, according to a person familiar with the investigation who declined to be identified because prosecutors haven’t disclosed the name. Martens led a diesel task force at Audi, which was set up to coordinate the handling of the crisis with the parent company.
The news hit as Volkswagen was briefing journalists at its Wolfsburg headquarters on efforts to bolster internal compliance and integrity programs.
VW has faced a barrage of investigations and lawsuits since US authorities disclosed in September 2015 that the carmaker had rigged engines on 11 million diesel models to cheat on emissions tests.
VW has earmarked more than $29.5 billion to pay fines, settlements and other costs.
- China backs India’s bid for improved domestic regulations
- How 3.4 million households in UP are using power illegally
- Nissan seeks to block Carlos Ghosn’s access to apartment in Rio de Janeiro
- China says U.S. should withdraw arrest warrant for Huawei executive
- All villages to be connected through broadband by 2019: Manoj Sinha
Editor's Picks »
- The government has a troubling message for minority shareholders
- Opec-allies’ output cut may not amount to big shift in oil prices
- RBI’s new loan rate math for banks cannot ignore deposits
- Maruti loses speed as passenger vehicle growth slows amid rising challenges
- Risks emerge for Ramakrishna Forgings, Bharat Forge, Motherson Sumi as heavy-duty trucks face headwinds