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Inquiry into Volkswagen emissions-cheating scandal widens

Jaclyn Jaeger | November 7, 2016

Fallout from the Volkswagen emissions-cheating scandal continues.

Volkswagen confirmed this week that German prosecutors have widened their investigation; the latest individual to face scrutiny is Hans Dieter Pötsch, former group chief financial officer.

Pötsch allegedly engaged in market manipulation for allegedly for waiting too long to inform shareholders about the emissions scandal. Former Volkswagen Chief Executive Officer Martin Winterkorn is already under investigation for similar allegations.

As Compliance Week previously reported, the emissions-testing scandal dates back to 2008, when several top managers who painstakingly spent several years...

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