VW has spent 2014 and 2015, securities in the United States, although Top managers were already aware of exhaust gas manipulation. The U.S. securities and exchange Commission speaks of fraud and sued the group and Ex-boss Winterkorn.
The U.S. securities and exchange Commission (SEC) has charged in connection with the diesel scandal charges against Volkswagen and the former group chief Martin Winterkorn. They accused the company and the Manager, to investors in the United States cheated.
VW, where I spent from April 2014 to may 2015 corporate bonds and securitised securities in the amount of about 13 billion dollars, while Top managers of the group had already known of the exhaust gas manipulation. The group have never “paid hundreds of millions of dollars”, which he had taken in the transactions in securities “in a fraudulent manner”.
VW holds is suit for faulty
VW announced that it plans to fight back decisively against the action.
Winterkorn’s outstanding lawyer, was initially to reach. Volkswagen said that the group will defend itself vigorously against the lawsuit. It was legal and the factual situation here is faulty. The securities, which had only been experienced investors sold. The investors had not been harmed and have received all of the documents related to payments in full and on time.
VW had already stated in his recently presented annual report for 2018 to the fact that the SEC had requested information regarding potential violations of securities laws. The diesel scandal was became known in September 2015. Volkswagen had known, finally, in the United States is guilty, the exhaust gas values are manipulated, and to have this in front of the authorities, veiled. The resulting penalty and compensation payments totaling more than $ 25 billion.
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