Audi CEO Rupert Stadler arrested over emissions scandal

Ivan Schwartz
June 18, 2018

Volkswagen's (VOWG_p.DE) supervisory board has nominated Bram Schot as interim chief executive at its luxury brand Audi following the arrest of Rupert Stadler, Germany's Sueddeutsche Zeitung said on Monday, without citing sources.

The 55-year-old German is being held due to the risk that he could prevent evidence from being found, the prosecutor's office has said.

Stadler's detention follows a search last week of his private residence, ordered by Munich prosecutors investigating the manager on suspicion of fraud and indirect improprieties with documents. Audi confirms CEO has been arrested but can not comment further on ongoing investigation.

Prosecutors pushed for Stadler's arrest over fears that he might try to evade justice, dpa reported.

Munich prosecutors are investigating whether Stadler acted swiftly enough to stop deliveries of manipulated Audi models in Europe once emissions problems had emerged, a person familiar with the matter has told Reuters.

Just last week, VW agreed to pay a €1bn fine imposed by German prosecutors for cheating to get around diesel-emissions regulations.

Trump says it's 'possible' he'll meet Putin this summer
I think it's better to have Russian Federation in, than to have Russian Federation out", Trump told reporters. This will be the third time that both the leaders would meet face-to-face. "I'm not for Russian Federation .

Figures show about 2,000 minors separated from families
Franklin Graham, son of late reverend Billy Graham and a staunch Trump supporter, said the separation policy was "disgraceful". A series of protest rallies organised by a group called Families Belong Together took place across the USA on Thursday.

Meghan's father says Prince Harry told him to give Trump a chance
Mr Markle said he hopes he has not offended his daughter and her new husband for taking part in the interview. When asked about their Brexit discussion, he said: "It was just a loose conversation".

Volkswagen has pleaded guilty to the criminal charges pressed against the company where two managers are serving prison time in US.

Even if he wasn't directly involved in the diesel-engine manipulation, there has been an obvious lack of oversight at Audi that stretched over years, Pieper said.

Stadler's arrest is the most high-profile yet in the diesel gate crisis, which started when the Volkswagen group admitted in 2015 to equipping some 11 million diesels worldwide with "defeat devices" created to dupe pollution tests. That has cost it $20 billion in fines and civil settlements.

U.S. prosecutors also indicted Winterkorn last month, saying he knew of the company's emissions cheating as early as May 2014 but made a decision to continue.

Shares in Volkswagen dropped by 2 per cent in Frankfurt.

Other reports by GizPress

Discuss This Article

FOLLOW OUR NEWSPAPER