Former Audi CEO Stadler Faces Fraud Charges in Volkswagen Diesel Scandal
July 31 2019 - 5:06AM
Dow Jones News
By Sarah Sloat
Munich prosecutors have filed charges against Rupert Stadler,
the former chief executive of Audi AG (NSU.XE), in connection with
the diesel scandal at parent company Volkswagen AG (VOW.XE).
Mr. Stadler and three other people have been charged with fraud,
falsifying certification, and illegal advertising, the prosecutors'
office said on Wednesday.
Auto maker Volkswagen and its Audi unit have been embroiled in a
scandal since September 2015, when the German company was accused
by U.S. authorities of installing software in vehicles that allowed
them to sidestep emissions tests. Volkswagen admitted to outfitting
nearly 11 million vehicles world-wide with the software.
Mr. Stadler is accused of having been aware of the manipulation
since the end of September 2015 at the latest, but of nevertheless
allowing the sale of the affected vehicles to continue, the
prosecutor said.
Mr. Stadler has previously denied any knowledge of the
manipulation. His lawyers couldn't immediately be reached for
comment.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
July 31, 2019 04:51 ET (08:51 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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