Former Porsche CEO charged with market manipulation

German prosecutors have charged former Porsche SE chief executive Wendelin Wiedeking and his former finance chief with market manipulation of Volkswagen shares. The prosecutor's office in Stuttgart, where Porsche is based, said the executives made false public statements during the sportscar maker's botched 2008-09 takeover of VW. Wiedeking, hailed as "the man who outfoxed the market" by Fortune, and Haerter could face a sentence of up to five years if they were found guilty.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.