Commodities and Futures News

Emissions scandal: Ex-Audi boss admits role in fraud by negligence in German court

2023.05.16 05:26


© Reuters. Rupert Stadler, former CEO of German car manufacturer Audi, sits in a regional court room in Munich, Germany, May 16, 2023. Stadler plans to plead guilty in connection with the ‘Dieselgate’ emissions cheating scandal. Matthias Schrader/Pool via REUTERS

MUNICH (Reuters) – Former Audi boss Rupert Stadler accepted his role in committing fraud by negligence in the diesel emissions scandal, according to a statement made in German court on Tuesday, having agreed early in May to a deal which would get him a suspended sentence.

The former CEO has been on trial for fraud since 2020 over his role in the scandal after parent group Volkswagen (ETR:) and Audi admitted in 2015 to having used illegal software to cheat on emissions tests. Stadler had previously rejected the allegations.

Stadler’s defence lawyer Ulrike Thole-Grolle read a statement to the court, saying the defendant did not know that vehicles had been manipulated and buyers had been harmed, but he recognised it was a possibility and accepted that.

“I understand that for my part, there was a need for more care,” said the lawyer on Stadler’s behalf.

Asked by the judge whether the words were his own, Stadler replied: “Yes”.

The statement had been widely expected after the judge said earlier this month that Stadler would face a suspended prison sentence of 1.5-2 years and a fine of 1.1 million euros if he were to confess to a charge of fraud by negligence. The verdict is expected in June.

The trial is one of the most prominent court proceedings in the aftermath of the diesel scandal at Volkswagen and its subsidiary Audi. Revelations that millions of emissions tests had been manipulated emerged in September 2015.

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 63,543.02 0.90%
ethereum
Ethereum (ETH) $ 2,642.12 2.07%
tether
Tether (USDT) $ 1.00 0.05%
bnb
BNB (BNB) $ 590.92 1.27%
solana
Solana (SOL) $ 145.45 1.14%
usd-coin
USDC (USDC) $ 1.00 0.02%
xrp
XRP (XRP) $ 0.589089 1.18%
staked-ether
Lido Staked Ether (STETH) $ 2,641.21 2.11%
dogecoin
Dogecoin (DOGE) $ 0.107093 0.89%
the-open-network
Toncoin (TON) $ 5.65 0.15%
tron
TRON (TRX) $ 0.15207 0.24%
cardano
Cardano (ADA) $ 0.353532 0.03%
avalanche-2
Avalanche (AVAX) $ 27.55 0.54%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,119.47 2.32%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,452.00 0.85%
shiba-inu
Shiba Inu (SHIB) $ 0.000015 0.98%
weth
WETH (WETH) $ 2,644.55 2.25%
chainlink
Chainlink (LINK) $ 11.30 0.14%
bitcoin-cash
Bitcoin Cash (BCH) $ 341.06 0.33%
polkadot
Polkadot (DOT) $ 4.35 0.51%
near
NEAR Protocol (NEAR) $ 4.86 7.39%
dai
Dai (DAI) $ 1.00 0.02%
leo-token
LEO Token (LEO) $ 5.76 0.69%
litecoin
Litecoin (LTC) $ 67.77 0.85%
uniswap
Uniswap (UNI) $ 6.70 0.02%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,772.64 2.32%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.68 5.36%
sui
Sui (SUI) $ 1.56 7.52%
kaspa
Kaspa (KAS) $ 0.166023 0.63%
bittensor
Bittensor (TAO) $ 552.45 17.39%
internet-computer
Internet Computer (ICP) $ 8.46 1.49%
aptos
Aptos (APT) $ 7.78 1.06%
pepe
Pepe (PEPE) $ 0.000008 1.91%
monero
Monero (XMR) $ 174.98 0.64%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.19%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.402238 0.09%
immutable-x
Immutable (IMX) $ 1.81 12.82%
ethereum-classic
Ethereum Classic (ETC) $ 19.11 0.24%
stellar
Stellar (XLM) $ 0.09583 0.90%
blockstack
Stacks (STX) $ 1.77 3.68%
ethena-usde
Ethena USDe (USDE) $ 0.99896 0.05%
aave
Aave (AAVE) $ 169.91 7.74%
okb
OKB (OKB) $ 40.39 2.46%
render-token
Render (RENDER) $ 6.03 7.90%
crypto-com-chain
Cronos (CRO) $ 0.085115 0.93%
arbitrum
Arbitrum (ARB) $ 0.607411 1.13%
filecoin
Filecoin (FIL) $ 3.73 0.83%
injective-protocol
Injective (INJ) $ 22.04 4.00%
mantle
Mantle (MNT) $ 0.627348 1.34%
hedera-hashgraph
Hedera (HBAR) $ 0.055146 1.79%