Nov
07
Volkswagen Emissions Scandal Inquiry Widens to Top Levels
ByCreditAlexander Koerner/Getty Images
FRANKFURT — The investigation into emissions fraud at Volkswagenreached the very top of the company on Sunday after the carmaker said that the chairman of the supervisory board, Hans Dieter Pötsch, is suspected by German prosecutors of violating securities laws.
Mr. Pötsch, the former chief financial officer at Volkswagen, is accused of failing to notify shareholders quickly enough of the financial risks of the diesel emissions cheating scandal, which has already led to a $15 billion settlement in the United States and caused the stock price to plunge…