Volkswagen Managers Are Being Investigated for Giving Excessively High Salaries to Certain Employees
- Tweet
Send to Kindle
www.pixabay.com
German prosecutors say they have charged four current and former personnel managers at Volkswagen executives of providing excessive salaries and bonuses to several members of the employee council.
The action benefited five council members, which cost the car giant about $ 5.1 million in overpayments, prosecutors said.
The chairman of the council himself received € 3.1 million in overpayments or bonuses.
The four defendants were not named, but two were described as former board members. The third is the former CEO, and the fourth is the "current lead manager".
Four years ago, the company admitted to illegally equipping 11 million vehicles worldwide with software that made cars look less polluting, the German automotive giant has been fighting in a number of lawsuits.
Top executives of the concern, past and present - were accused of "market manipulation" as shareholders began a massive joint lawsuit for nine billion euros in damages.
About 400,000 driver cases were also involved in a giant process that began on September 30th.
- » China Will Waive Import Duties on some Soybean and Pork Supplies from the United States
- » Bulgaria among the Countries with Largest share of Old Aircraft
- » Donald Tusk: Brexit - One of the Most Spectacular Mistakes in the EU History
- » Many Flights Will Be Canceled due to Strike in France
- » US Imposes New Sanctions on China over the Violent Crackdowns on the Muslim Minority
- » The EC Meets Without Using any Paper for the First Time
