Witn Porsche
Witn Porsche
Witn Porsche
German prosecutors say they are investigating the former head of the car maker Porsche and
a former chief financial officer - as part of an inquiry into allegations of market manipulation
and insider trading linked to a takeover bid for Volkswagen. Mark Gregory reports:
Prosecutors launched a probe into claims of market manipulation and insider dealing
associated with the aborted takeover some time ago. It's now been confirmed that former
chief executive of Porsche, Wendelin Wiedeking, and former chief financial officer, Holgar
Haerter, are being investigated as part of these inquiries. Both men left the company last
month.
Porsche denies accusations of wrongdoing and says it's co-operating with the authorities.
the bid ultimately failed the takeover attempt was not successful in the end
aborted stopped
denies accusations of insists it has done nothing wrong, even though others say it
wrongdoing has
http://news.bbc.co.uk/1/hi/business/8164295.stm