US finds ev­i­dence of crim­i­nal­ity in VW probe

The Myanmar Times - - International Business -

FED­ERAL in­ves­ti­ga­tors who are prob­ing Volk­swa­gen’s diesel emis­sions cheat­ing scan­dal in the US have un­cov­ered ev­i­dence of crim­i­nal wrong­do­ing, The Wall Street Jour­nal re­ported, cit­ing sources fa­mil­iar with the mat­ter.

The US Jus­tice Depart­ment is now ne­go­ti­at­ing a set­tle­ment which may in­volve sig­nif­i­cant fi­nan­cial penal­ties for the com­pany, the news­pa­per said.

The Ger­man au­tomaker has worked swiftly to put the emis­sions scan­dal be­hind it, reach­ing multi-bil­lion-dol­lar civil set­tle­ments with most US states and of­fer­ing to com­pen­sate own­ers and fix de­fi­cient au­to­mo­biles.

But, with the pos­si­bil­ity of crim­i­nal sanc­tions, the news added a grave new di­men­sion to the com­pany’s tra­vails.

Prose­cu­tors had yet to de­cide on spe­cific charges, ac­cord­ing to the Jour­nal.

It said the depart­ment is weigh­ing the al­ter­na­tives of re­quir­ing a guilty plea from the com­pany, or of­fer­ing it a de­ferred pros­e­cu­tion agree­ment, which would re­quire cer­tain cor­rec­tive be­hav­iour by the com­pany over time af­ter which charges would be dropped.

In a state­ment, Volk­swa­gen said talks were con­tin­u­ing with fed­eral and state au­thor­i­ties, in­clud­ing the Jus­tice Depart­ment.

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