The board overseeing troubled automaker VW is looking into whether it can potentially take property from it’s indicted ex-CEO, based on the outcome of inquiries intothescandal that has rocked the company.
Frankfurter Allgemeine Sonntagszeitung, a German newspaper, says that former VW CEO Martin Winterkorn might have to hand over his property following the car maker’s own investigation into the diesel car controversy that has cost it billions of dollars in settlements and penalties.
It would be the latest repercussion for Winterkorn, who was indicted last week by afederal grand jury, along withfive other former company executives. Thefelony charges include conspiracy, wire fraud and violation of the Clean Air Act for their alleged involvement in a plot to rig diesel cars in the U.S. to pass emission tests and then try to hide those deeds from investigators when they were discovered byindependent tests.
VW has spent more than $20 billion in recall costs, penalties and settlements, and executives at varying levels of the company have been indicted.
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Contributing: Chris Woodyard