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Entire VW Board investigated by BaFin re: Market manipulation

Der Volkswagen-Vorstand wird sich wohl bald vor Gericht für die Affäre um gefälschte Abgaswerte verantworten müssen. ©BICYCLE at the German language Wikipedia | Bild: BICYCLE [CC BY-SA 3.0] - Wikimedia

According to reports from Reuters, the German Federal Financial Market Supervisory Authority (BaFin) has launched an investigation into the VW emissions scandal against the ten managers who, until September 2015, formed the Group Management Board.1. With this step, more of the people involved are held accountable in relation to the cover-up of information and market manipulation. Initially, the Braunschweig public prosecutor launched investigations against the two former board members Martin Winterkorn and Herbert Diess, but the number of people involved in the investigation, is likely to increase. Volkswagen are suspected to have deliberately withheld information on the financial consequences of the emissions scandal, to artificially affect the share price and prevent a negative impact on the company2.

  1. -volkswagen-idDEKCN0Z71RO, 6/21/2016, accessed on 22.06.2016 []
  2. , 20.06.2016, aufgerufen am 21.06.2016   []