Former Audi CEO Charged with Fraud

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CBJ — Former Audi CEO Rupert Stadler has been charged with fraud over the Volkswagen’s subsidiary’s role in an emissions cheating scandal.

In a release to the media, German prosecutors said: “Professor Rupert Stadler and three other defendants… are accused of fraud, falsifying certifications and illegal advertising.”

The charges are linked to over 430,000 VW, Audi and Porsche cars fitted with “defeat devices” to fool regulators’ emissions tests.

Specialized software applied to diesel-fuelled cars allows the vehicles to detect when they are being tested in the lab and reduce harmful emissions far below actual levels released on the road.

Stadler found out about the issue in 2015 when Volkswagen admitted to selling 11 million cheating vehicles worldwide after an American investigation. However, it’s alleged he knowingly continued selling affected vehicles from Audi especially in Europe and the U.S. None of the allegations have yet been proven in court with a conviction.

@CanBizJournal

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