Six Volkswagen Execs Indicted in Emissions Scandal


Six Volkswagen executives were indicted Wednesday in connection with the carmaker’s emissions cheating scandal.

The indictment was announced the day after Volkswagen said that it had agreed to pay $4.3 billion in federal fines and take the unusual step of pleading guilty to criminal charges.

U.S. Attorney General Loretta Lynch said Wednesday that the six VW (VLKAY) officials “held positions of significant responsibility, including overseeing engine development and serving on the management board.”

“They seriously abused those positions,” Lynch said at a press conference Wednesday.

Those who were indicted, who are all German, are charged with one count of conspiracy to defraud the U.S., defraud American customers and violate the federal Clean Air Act — which regulates harmful emissions from cars.

One of those indicted was Oliver Schmidt, who headed the company’s regulatory compliance division, was arrested in Miami over the weekend.

“This wasn’t simply the action of some faceless, multinational corporation. This conspiracy involved flesh-and-blood individuals who used their positions within Volkswagen to deceive both regulators and consumers,” said Deputy Attorney General Sally Yates.

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Source: CNN