Munich prosecutors also target Audi AG in diesel probe

Munich prosecutors said on Monday that Audi as a corporation had become part of a probe into diesel emissions manipulation that to date has targeted individuals, which could lead to fines or the seizure of profits.

Prosecutors in the capital of Bavaria have been investigating unknown individuals at Audi and last Friday launched penalty proceedings against current and former members of the Volkswagen  luxury division’s executive board.

Authorities are entitled to fine a corporation up to 10 million euros ($11.8 million) and seize profits even beyond that level if its managers are found violating the law, according to experts.

Audi, which contributed nearly a third to VW’s 8.9 billion euros of first-half profit, plunged more deeply into the diesel emissions probe in recent months as prosecutors stepped up the search for culprits in Germany and the United States, where the dieselgate scandal broke almost two years ago.

Last month, Munich prosecutors arrested an Audi employee on suspicion of fraud and false advertising, the first arrest in the carmaker’s home market related to the diesel scandal.

In March, Munich prosecutors searched offices at the carmaker’s Ingolstadt-based headquarters where about 43,000 staff build models including the A3 compact and A4 saloon, as well as the premises of Jones Day, the U.S. lawfirm hired by VW to lead an investigation into the emissions scandal.

Audi confirmed it had been notified by prosecutors and will continue to cooperate constructively with the Munich-based authority.

Fuente: Reuters