Volkswagen Group CEO Murun was formally investigated

Posted on 5/18/2017 11:23:58 AM

German time on May 17, the German prosecution announced that Volkswagen Group CEO Matthias Mullen launched a new investigation, while the investigation also has Volkswagen Group's former CEO Martin Wendell, as well as the former Volkswagen Group CFO, the current Porsche Holdings (Porsche SE, holding Volkswagen Group 52.2% stake) Chairman of the Pan division.
German prosecutors said in a statement, the prosecution is suspected that the three executives of the Volkswagen Group in the event of emissions caused by economic losses in advance of the situation, but did not promptly disclosed to investors, suspected of manipulating the market share price. As of now the Volkswagen Group has not commented on this.
September 18, 2015, Volkswagen Group 110,000 diesel vehicle emissions data fraud scandal debut in the United States, followed by Volkswagen shares fell 31% in two days, the market value of evaporation of 235 billion US dollars, in addition to the government's ticket, the group at the same time But also facing the owners and investors of the prosecution.
Since the outbreak of the scandal, Martin Wendell, Pan Shi are suspected of concealing the situation, manipulation of stock prices have been investigated, Wende also once faced a criminal investigation, Mu Lun this time is the first time included in the investigation.
In fact, Mullen was included in the investigation of the news in early May has been foreign media reports, when the public refused to comment on this, and Porsche SE and Mullen's spokesman said they did not know the investigation. Today, the German prosecutors confirmed the news, and disclosed that as early as the summer of 2016, the German Federal Financial Supervisory Authority (Bafin) has been on the three suitors.
It is reported that the scandal has so far the public group has caused 22.6 billion euros in losses, and other litigation will bring the expenditure has not yet been determined. But for the Volkswagen Group, the consequences of this scandal in addition to financial losses, brand image damage, there are many executives and the loss of R & D personnel.
2015 when the scandal broke out, when the Volkswagen Group CEO Martin Wendeen after the resignation was investigated, by the then Porsche brand CEO Mullen vacated, but this time Mullen was also included in the investigation, the Volkswagen Group after transfusion The management has also been cast a shadow.
According to USA Today, as of March this year, the German Brunswick (Brunswick) local prosecutors on the Volkswagen Group, the number of employees has been increased from 22 to 37, some people were investigated because of the investigation Carbon dioxide emissions data fraud.
Although all kinds of unfavorable news has been unsuccessful, but since the outbreak of the scandal since 2015, Volkswagen Group, although many people accept the investigation, but so far there is no clear conclusion. The results of this time Mu Lun was investigated, what is currently unknown.

Post a comment

Hello guest, care to post a comment?