The United States accused Volkswagen of a major fraud

The United States accused Volkswagen of a major fraud

March 15, 2019 0 By autotimesnews

The US Securities and Exchange Commission accused Volkswagen of “a major fraud,” CNBC reports.

As noted, the automobile concern allegedly repeatedly deceived its American investors in connection with the “diesel scandal.” In 2014-2015, Volkswagen produced more than $ 13 billion worth of papers, while the company management was aware that the emissions of more than 500 thousand cars in the United States significantly exceeded the norm.

It clarifies that the commission filed a lawsuit against Volkswagen and its ex-CEO Martin Winterkorn for further proceedings.

The concern called these accusations “legally and in fact erroneous.”