FRANKFURT: German prosecutors are investigating the chief executive of Volkswagen's Porsche business, Oliver Blume, over a possible breach of fiduciary trust tied to payments made to a Porsche works council member, a newspaper reported on Wednesday.
Stuttgart prosecutors said on Tuesday they had searched Porsche's offices as part of a broader probe involving 176 police and tax inspectors as well as 10 state prosecutors.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The new Volkswagen Touareg aims for big-screen success in SingaporeA NEW flagship for Volkswagen has wandered into town. VW Group Singapore launched the new Touareg here last week, putting it on sale more than a year after the previous model was discontinued. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Pine Capital unit sues former CEO, directors and managersADVANCE Capital Partners Asset Management (ACPAM) is suing its former CEO Tan Choon Wee, as well as several former directors and managers of the firm, for alleged breaches of fiduciary duties, its Catalist-listed parent company Pine Capital said in a bourse filing on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »