Court in Germany filed criminal charges against former Volkswagen chief

Court in German filed criminal charges against former Volkswagen chief

On Thursday, German court in Braunschweig said, it had opened complaints against former Volkswagen Chief Executive Martin Winterkorn observing whether he is guilty of market manipulation as part of an emissions scandal.

Winterkorn and other Volkswagen executives face accusations for their role in allowing diesel cars with excessive pollution levels to roam the road, and for failing to notify investors about the extend of the emissions fraud.

The carmaker has paid out at least 30 billion euros in fines and penalties for emissions cheating, which was revealed by U.S. authorities in September 2015.

The court is inspecting whether Volkswagen had a duty to notify investors earlier about the extent of potential fines. Volkswagen for its part has said the extent of the fines weren’t forseeable.

A lawyer for Winterkorn could not be reached immediately for comment but has previously rejected the charges.