VW CEO and chairman charged in Germany

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VW CEO and chairman charged in Germany

London (CNN Business)Volkswagen CEO Herbert Diess and the company’s chairman, Hans Dieter Pötsch, were charged by German prosecutors on Tuesday with stock market manipulation tied to the carmaker’s diesel emissions scandal.

The two executives are accused of failing to disclose the huge financial risks of the diesel scandal to shareholders in a timely fashion.
New charges against Martin Winterkorn, the former CEO of Volkswagen (VLKAF), were also revealed in an indictment running to nearly 640 pages.