Volkswagen’s Ex-CEO Indicted

business_ethics_highlights_2There was always a strong suspicion that the Volkswagen emissions-cheating scandal went all the way to the top. Now it’s clear that the US Department of Justice believes that to be true.

>>>

LINK: Volkswagen Ex-CEO Martin Winterkorn Indicted in Emissions Probe
(by Adrienne Roberts and Christina Rogers for WSJ)

“The indictment unsealed today alleges that Volkswagen’s scheme to cheat its legal requirements went all the way to the top of the company,” U.S. Attorney General Jeff Sessions said.

The indictment alleges that Mr. Winterkorn was informed by employees of the company’s intentions to defraud U.S. regulators by cheating on diesel emissions tests in May 2014 and July 2015, but agreed with other senior VW executives to continue the efforts.

Mr. Winterkorn faces up to five years in prison and a $250,000 fine for the conspiracy count and up to 20 years jail time and a $25,000 fine for each of the three counts of wire fraud, according to the government….

What do you think?


Brought to you by:
business_ethics_highlights

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

%d bloggers like this: