Mexican Media Brands
South Korea Ponders Criminal Charges Against VW Execs
South Korea’s Fair Trade Commission says it may file criminal charges against Volkswagen AG executives in the country for falsely claiming that hundreds of thousands of cars VW sold there meet Euro 5 emission standards.
#legal
Share
South Korea’s Fair Trade Commission says it may file criminal charges against Volkswagen AG executives in the country for falsely claiming that hundreds of thousands of cars VW sold there meet Euro 5 emission standards.
The commission says it advised VW of the possible action after a hearing with company officials to explain themselves, The Wall Street Journal reports. The agency says it has given VW five weeks to clarify its position. The commission will then hold a meeting to finalize its next steps, which may include fines against the company.
Last week prosecutors indicted a VW executive identified only as Mr.Yoon on charges of falsifying emission and noise test data for cars shipped to Korea. Officials said they plan to question more VW executives, including Johannes Thammer, who heads Audi Volkswagen Korea Co.
In November Korea ordered VW to recall 125,000 diesel-powered cars in the country that were among 11 million the carmaker admits equipping with software to cheat emission tests.
RELATED CONTENT
-
U.S. Justice Dept. Asks VW to Delay Diesel Cheating Report
The U.S. Dept. of Justice has asked Volkswagen AG not to release findings of an independent probe into the German carmaker's diesel emission cheating scandal.
-
Report: Ghosn Kept List of Hidden Compensation
Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.
-
China Prepares to Sanction U.S. Carmaker for Price Fixing
China is preparing to fine an undisclosed U.S. carmaker for ordering its distributors to fix prices beginning in 2014, according to China Daily. Media reports say General Motors Co. is the target.