Proceedings against former VW CEO Winterkorn resumed for market manipulation
According to the Braunschweig Regional Court, it is not yet known when the trial against Winterkorn will begin.
The court had originally discontinued the proceedings against Winterkorn for alleged market manipulation in January 2021. The court's argument at the time was that Winterkorn was already facing such a high penalty in other proceedings in the VW diesel scandal that a conviction for market manipulation would not be significant. In these other proceedings, Winterkorn is accused of commercial and gang fraud.
The Braunschweig Regional Court has now also reopened the proceedings for alleged market manipulation. The reason given was that, on the one hand, no action had been taken against Winterkorn in the fraud proceedings for health reasons. On the other hand, the court now assumes that a conviction of Winterkorn for market manipulation would carry weight.
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The public prosecutor's office in Braunschweig has decided to resume criminal proceedings against the ex-head of VW, Martin Winterkorn, over allegations of market manipulation.
This decision comes after the court dismissed the charges against Winterkorn in January 2021, citing his high penalties in other VW diesel scandal-related trials as a reason.
The new development is based on the argument that no action was taken against Winterkorn in the fraud proceedings due to health reasons, and a conviction for market manipulation could carry more weight.
Winterkorn, who is also accused of commercial and gang fraud in the VW diesel scandal, is now under investigation for potential market manipulation again.
The Braunschweig Regional Court has not yet set a date for the trial against Winterkorn, leaving uncertainty about when the proceedings will begin.
These new developments are a significant setback for Winterkorn, who will now have to face potential criminal charges for market manipulation on top of his existing accusations.
The case once again highlights the complex legal proceedings surrounding the VW diesel scandal, with the scandal's former CEO now facing multiple charges in different proceedings.
Source: www.stern.de
