logo
Plus   Neg
Share
Email

Reports: Volkswagen Executives Charged For Market Manipulation - Quick Facts

As per media reports, two top executives of Volkswagen (VKW.L,VLKAF.PK,VOW.BE) were charged by prosecutors' office of Braunschweig in connection with the emissions scandal. The company's Chairman Hans Dieter Poetsch, CEO Herbert Diess, and former CEO Martin Winterkorn were charged with market manipulation. As per the prosecutors, the accused failed to properly disclose the financial impacts of the scandal to investors.

However, Volkswagen rejected the allegations as groundless, and said it will convene a meeting to discuss future steps.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. (AAPL) unveiled a 16-inch MacBook Pro laptop with a larger screen and redesigned keyboard. It is the first major update since the MacBook Pro line was revamped three years ago. The company has moved from a 15-inch screen to a higher-resolution 16-inch screen. Facebook has launched its new payment platform called 'Facebook Pay' in the U.S., joining other tech giants like Google and Apple that have their own payment platforms. The new service will be available across Facebook and its associated apps - Messenger, Instagram and WhatsApp, the social media giant said in a blog post. The payment service supports most major credit and debit cards. Amneal Pharmaceuticals, LLC recalled certain lots of heartburn medication Ranitidine in the form of tablets and syrup for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine, above levels established by the U.S. Food and Drug Administration or FDA. The generic and specialty pharma company is recalling 94 lots of Ranitidine tablets and Syrup.
Follow RTT
>