Thread: Porsche executives accused of fraud in shares of Volkswagen

Guide Porsche accused of fraudulent shares Volkswagen

Prosecutors in Stuttgart takes place, the investigation into the manipulation of stocks of concern Volkswagen. The charges already brought against the former head of Porsche to Vendelin Wiedeking and former Chairman of the financial Directorate Porsche Holger Harter , according to the German edition.



Leaders accused during the negotiations about how to obtain funds to repay loans, they reported false information about the shares of Volkswagen. Porsche owned part of these shares, and the defendants were authorized financial officer of the company.
The motive for this fraud called the failed attempt by Porsche to buy a much larger Volkswagen group. Investors accused the former leaders of Porsche in that transaction, the company representatives were purposefully misled them.