Former Volkswagen CEO Martin Winterkorn and other executives will pay the company a total of $351 million to settle lawsuits for their alleged roles in a decadelong emissions fraud that continues to cast a shadow over the car maker
BERLIN—Former Volkswagen AG CEO Martin Winterkorn and other executives will pay the company a total of $351 million to settle lawsuits for their alleged roles inthat continues to cast a shadow over the car maker six years after it was disclosed by U.S. authorities, the company said Wednesday.
Mr. Winterkorn, who became chief executive officer in 2007 and still faces criminal charges on allegations of fraud in the U.S. and Germany, was forced to step down in September 2015, days after the U.S. charged the company with fraud and violating U.S. environmental law as a result ofVW, now with its second CEO since Mr.
Separately on Wednesday, Berlin prosecutors filed charges against Mr. Winterkorn alleging that he made false statements in sworn testimony to an investigative committee of the German parliament in January 2017. The prosecutor alleges that Mr. Winterkorn intentionally misled the lawmakers about when he first became aware of the illegal software on VW diesel engines.
VW filed a lawsuit against Mr. Winterkorn, former Audi chief Rupert Stadler and other executives in March, alleging gross negligence in their duties as officers of the company. Mr. Winterkorn and Mr. Stadler have repeatedly dismissed the allegations and any intentional involvement in the scandal or its coverup.
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