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German Prosecutors Add VW CEO Mueller to Diesel Enquiry
Prosecutors in Stuttgart, Germany, have added Volkswagen Group CEO Matthias Mueller to a list of executives being probed on claims they hid VW’s diesel emission cheating from investors, WirtschaftsWoche reports.
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Prosecutors in Stuttgart, Germany, have added Volkswagen Group CEO Matthias Mueller to a list of executives being probed on claims they hid VW’s diesel emission cheating from investors, WirtschaftsWoche reports.
Mueller joins former CEO Martin Winterkorn and current Chairman Hans-Dieter Poetsch in a market manipulation probe of Porsche Automobil Holding SE, which owns the majority of VW’s voting shares. The report marks the first time Mueller has been linked to any legal examination of the cheating scandal.
A separate market manipulation probe of Porsche SE is being conducted by German prosecutors in Braunschweig. That enquiry includes Winterkorn and Poetsch but not Mueller.
Mueller was CEO of VW Group’s Porsche AG sports car unit at the time the scandal broke in September 2015. He replaced Winterkorn as CEO a few days later. Mueller also headed corporate development and strategy for the holding company. A report last October by Bild am Sonntag said an independent enquiry of the scandal by U.S. law firm Jones Day cleared Mueller of any knowledge about the cheating.
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