Audi CEO arrested
Monday - June 18, 2018 3:12 pm ,
Category : BUSINESS
Madrid June 18 (IANS) Audi AG CEO Rupert Stadler was arrested on Monday on fraud allegations a company spokesman said.
German prosecutors named Stadler and one other Audi executive as suspects for fraud and false advertisement in the car maker s continuing emissions scandal reports Efe news.
"We confirm that Stadler has been preliminarily arrested this morning " the spokesman said adding that a hearing to decide over possible pre-trial detention was continuing.
Audi Volkswagen AG s luxury car maker declined to comment further on the issue citing the ongoing investigations. A Volkswagen spokesman also confirmed the arrest.
--IANS ksk/mr
German prosecutors named Stadler and one other Audi executive as suspects for fraud and false advertisement in the car maker s continuing emissions scandal reports Efe news.
"We confirm that Stadler has been preliminarily arrested this morning " the spokesman said adding that a hearing to decide over possible pre-trial detention was continuing.
Audi Volkswagen AG s luxury car maker declined to comment further on the issue citing the ongoing investigations. A Volkswagen spokesman also confirmed the arrest.
--IANS ksk/mr
