Volkswagen HQ Raided in Fraud Investigation

Posted on
Tagged
#exhaust-system
Author
Scott McCracken
Source
money.cnn.com
An overhead view of a parking lot with cars neatly lined up inside parking spaces.

Volkswagen's German headquarters have been raided by German authorities in an ongoing fraud investigation over the diesel emissions scandal. Audi's HQ was also searched.

VW's executives have had a ...ahem... hazy memory when it comes to details on when they first learned about the "defeat device" installed in their diesel cars. U.S. prosecutors think they knew about the emissions scheme for nearly a decade, and the raid was in search of evidence to prove it.

One executive has already been arrested and five others indicted.

More information on money.cnn.com

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