German lawmakers have accused Volkswagen’s management of holding back information on rigged emissions tests in 2015, raising the prospect of a fresh upheaval at the carmaker just as it tries to reinvent itself as a champion of clean driving.
Lawmakers in the city of Braunschweig stated on Tuesday they would press criminal charges of stock market manipulation against Volkswagen management.
The show how the German company which in September 2015 admitted using illegal software to cheat US diesel engine tests – is struggling to move on from a scandal, which has cost it more than $30 billion in vehicle refits, fines, and provisions.
Court proceedings are underway over that admission. The indictment from the prosecutors in Braunschweig in Volkswagen’s home region of Lower Saxony is part of a separate legal push to try managers over an alleged delay in informing investors of the company’s wrongdoing.
Lawyers for the three accused said they would contest the charges that they knowingly held back vital information.
Volkswagen said its full supervisory board would convene on Wednesday to discuss the indictments.
On Tuesday German Law Makers hit rival carmaker Daimler with an €870-million fine for breaking diesel emissions rules. The Stuttgart-based maker of Mercedes-Benz cars said it would not appeal.