Published: Mon, June 18, 2018
Money | By Armando Alvarado

Audi CEO Rupert Stadler arrested

Audi CEO Rupert Stadler arrested

A spokesperson for Audi confirmed the arrest, but said the company would not comment on the substance of the investigation adding only that the "presumption of innocence" should apply to Stadler. Last week, prosecutors raided Stadler's residence in Munich as part of the investigation.

Stadler was accused of fraud and false advertising by German prosecuters last week.

German carmaker Audi's chief executive, Rupert Stadler, has been arrested, parent company Volkswagen has said.

CEO Rupert Stadler was detained on Monday on suspiscion of fraud, according to prosecutors in the city of Munich. "The hearing to determine whether he will be remanded is ongoing".

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Martin said she remained positive, though, and that she and her lawyer had organised a meeting with Chope to discuss the bill. The initiative was stopped by Christopher Chope who objected when the bill was put forward in the House of Commons.

A total of 20 people are under suspicion in the Audi probe, which focuses on cars sold in Europe that were believed to be equipped with software which turned emissions controls off during regular driving.

News of the arrest comes as VW's new group CEO Herbert Diess is trying to introduce a new leadership structure, which includes Stadler, and speed up the group's shift toward electric vehicles in the wake of its emissions scandal.

Volkswagen admitted that almost 600,000 cars sold in the United States were fitted with "defeat devices" created to circumvent emissions tests.

The United States filed criminal charges against former VW CEO Martin Winterkorn in May, but he is unlikely to face USA authorities because Germany does not extradite its nationals to countries outside the European Union.

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