Tuesday, November 27, 2007

German prosecutors eye VW's Piech


German prosecutors are to examine the role played by former Volkswagen chief executive Ferdinand Piech in a bribery scandal at the car giant.

The trial of Volkswagen's former works council chief Klaus Volkert and his management liaison, Klaus-Joachim Gebauer resumed on Monday.

The case centres on claims that VW managers and union leaders used company funds to pay for perks

Mr Piech, now a non-executive chairman at VW has denied any wrongdoing.

Works' council boss Volkert has denied the main charges against him.

See full Article.