PROSE­CU­TORS TAR­GET BOSCH

‘Un­known in­di­vid­u­als’ un­der in­ves­ti­ga­tion for aid­ing and abet­ting fraud

New Straits Times - - Business World -

GER­MAN prose­cu­tors in­ves­ti­gat­ing whether car­maker Daimler ma­nip­u­lated emis­sion tests on its diesel cars are look­ing at whether car com­po­nents sup­plier Bosch was in­volved in the al­leged fraud, it was con­firmed yes­ter­day.

“There is an in­ves­ti­ga­tion into aid­ing and abet­ting fraud,” said a spokesman for the Stuttgart pros­e­cu­tor about Bosch, fol­low­ing a me­dia re­port pub­lished on Thurs­day.

The new probe tar­gets “un­known in­di­vid­u­als” at the sup­plier, said the spokesman for the pub­lic pros­e­cu­tor’s of­fice.

The spokesman added that the Bosch in­ves­ti­ga­tion started a cou­ple of weeks ago and was tied to the con­tin­u­ing probe of Daimler, the owner of Mercedes-Benz.

Bosch is a provider of en­gine man­age­ment soft­ware to Daimler and prose­cu­tors are in­ves­ti­gat­ing whether the car­maker made use of il­le­gal soft­ware to cheat emis­sions tests.

Ear­lier this week, Stuttgart prose­cu­tors searched Daimler’s of­fices and other premises in the course of in­ves­ti­ga­tions “against known and un­known em­ploy­ees at Daimler who are sus­pected of fraud and mis­lead­ing ad­ver­tis­ing con­nected with ma­nip­u­lated emis­sions treat­ment of diesel pas­sen­ger cars”.

This week, prose­cu­tors said they were in touch with the au­thor­i­ties in the United States about the Daimler probe.

How­ever, the Stuttgart prose­cu­tors said yes­ter­day they had not con­tacted their US coun­ter­parts about the po­ten­tial in­volve­ment of Bosch. The in­ves­ti­ga­tion of Bosch comes in ad­di­tion to a sep­a­rate in­quiry in which Stuttgart prose­cu­tors are look­ing at what role Bosch may have had in help­ing en­gi­neers at Volk­swa­gen (VW) ma­nip­u­late diesel emis­sions.

Ear­lier this month, a US fed­eral judge gave fi­nal ap­proval for Bosch to pay US$327.5 mil­lion (RM1.4 bil­lion) to Amer­i­can own­ers of VW diesel cars for its role in de­vel­op­ing the en­gines and as part of a broader set­tle­ment to buy back the ve­hi­cles. Bosch ad­mit­ted no wrong­do­ing in the set­tle­ment.

BLOOMBERG PIC

Protestors march­ing in front of the Bank of Greece in Athens dur­ing a 24hour labour strike on May 17.

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