London CNN —A Munich court has handed former Audi CEO Rupert Stadler a suspended jail sentence of one year and nine months for fraud in the 2015 diesel emissions scandal that rocked Volkswagen Group.
Stadler is the first Volkswagen (VLKAF) board member to be sentenced in the affair, some four years after German prosecutors laid fraud charges against the executive.
He entered a plea bargain with the court, confessing to his crimes in order to avoid spending time in jail.
The affair also led German prosecutors to charge former Volkswagen CEO Martin Winterkorn with fraud in 2019.
Stadler, who had worked for Volkswagen since 1990, agreed to pay the company €4.1 million ($4.5 million) following the same investigation.
Persons:
London CNN —, Rupert Stadler, Stadler, Audi’s, Wolfgang Hatz, Giovanni Pamio, Hatz, Pamio, Martin Winterkorn, Winterkorn, “, ”, —
Organizations:
London CNN, Audi, Volkswagen Group, €, Volkswagen, VW, Porsche, “ Audi
Locations:
Munich, Berlin