Ex-Volkswagen CEO Indicted

Ex-Volkswagen CEO Martin Winterkorn and five other former company executives have been indicted on felony charges of conspiracy, wire fraud and violation of the Clean Air Act for their alleged involvement in the diesel car scandal, according to a report by USA Today.

May 4, 2018

May 4, 2018—Ex-Volkswagen CEO Martin Winterkorn and five other former company executives have been indicted on felony charges of conspiracy, wire fraud and violation of the Clean Air Act for their alleged involvement in the diesel car scandal, according to a report by USA Today.

This is the latest development in the scandal that has resulted in indictments of other VW executives and has cost the company over $20 billion.

“The indictment unsealed today alleges that Volkswagen’s scheme to cheat its legal requirements went all the way to the top of the company," said attorney general Jeff Sessions in a statement reported on USA Today. "These are serious allegations, and we will prosecute this case to the fullest extent of the law."

Read the full story here.