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 Six Volkswagen Executives Charged in Emissions Scandal

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PostSubject: Six Volkswagen Executives Charged in Emissions Scandal   Wed Jan 11, 2017 3:30 pm

Federal prosecutors announced criminal charges on Wednesday against six Volkswagen executives for their role in the company’s emissions scandal, a substantial turn by a departing administration that is trying to remake its image that it is soft on corporate crime.

The Volkswagen executives include a former head of development for the Volkswagen brand as well as a former head of engine development. One of them, Oliver Schmidt, was arrested in Florida last week, but the other five are believed to be in Germany.

Volkswagen also formally pleaded guilty to charges of conspiracy to commit wire fraud and to violate the Clean Air Act, customs violations and obstruction of justice. Many of the 600,000 cars in the United States equipped with emissions-cheating software were imported from Germany or Mexico.

The automaker is set to pay $4.3 billion in criminal and civil penalties, bringing the total cost of the scandal to Volkswagen in the United States to $20 billion, including settlements of suits by car owners — one of the most costly corporate scandals in history.
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Six Volkswagen Executives Charged in Emissions Scandal

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