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Home / Business / Media reports former VW boss Martin Winterkorn could lose over Dieselgate fortune messages | DW

Media reports former VW boss Martin Winterkorn could lose over Dieselgate fortune messages | DW



The former Volkswagen (VW) managing director Martin Winterkorn could lose the personal fortune that he has amassed during his tenure at the German automaker, reported the Frankfurter Allgemeine Zeitung on Sunday, citing VW officials. The group explored whether Winterkorn could be responsible for the billions of euros paid out in Schaeden, said Hans Dieter Pötsch, chairman of the board of directors of the Autobauer, the Frankfurter Zeitung

Read more: Opinion: VW Martin Winterkorn must be clean

According to the experts cited in the report, Winterkorn could be held responsible and the VW revenue and pension, which amount to more than an estimated 100 million euros (120 million dollars) lose). However, according to the report, such penalties would only be used in extreme cases.

A spokesman for the German prosecutor told the FAZ that VW must be prosecuted before VW Winterkorn compensation. 1

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Martin Winterkorn was CEO of VW when the software was installed on millions of vehicles. According to US Attorney General, he even knew about it

"Top of the company"

US prosecutors issued a warrant for Winterkorn on Friday, in which he knew about software installed on VW diesel vehicles (1965). According to the prosecution, Winterkorn has been informed twice that the company had cheated on US emissions investigations – once in May 2014 and again in July 2015 – before the scandal was released in September 2015.

Read more: From VW to Julian Assange: How does the delivery work?

US Attorney General Jeff Sessions said last week that the charges showed that "Volkswagen's plan to defraud its legal requirements is at the forefront of the company."

However, Winterkorn is unlikely to join the US Berlin is maintaining a policy that does not allow its citizens to be sent abroad for prosecution.

Global Fallout

VW has agreed to pay more than $ 15 billion (12.52 billion euros) to the US under a compensation agreement covering 500,000 Software equipped diesel vehicles covers. In Canada, it has agreed to pay 290.5 million Canadian dollars (191 million euros, 233.1 million dollars).

The German automaker has admitted that up to 11 million vehicles worldwide may install the illegal software.

Read more: Germany's dirty diesel cars on their way to Eastern Europe

German prosecutors are still investigating how VW succeeded in producing vehicles with the software and who is responsible for them. German authorities have cooperated with American investigators, with the prosecutor in Germany informing that information is regularly exchanged between the two countries.

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