VW’s ex-CEO faces substantial fines after being indicted on further fraud charges in Germany over the diesel cheating scandal
German prosecutors charged former Volkswagen AG Chief Executive Martin Winterkorn and four others with fraud relating to emissions cheating, dealing a blow to the car maker’s efforts to move past the scandal.
In an indictment made public Monday, the individuals were also accused of engaging in unfair competition, embezzlement, tax evasion and giving false witness. The charges could result in substantial fines, the return of nearly €11 million in salary and bonuses and as much as 10 years in prison, making the...
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